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He weighed in with policy prescriptions, arguing that consolidating banking regulation would "lend itself to greater probity for the industry".
It said many advanced economies urgently needed to push ahead with financial system reforms including recapitalizing banks, revamping and consolidating banking industries and overhauling regulation.
Unlike Deutsche Bank, which needs a partner to give it muscle in the consolidating banking industry, SAP could profitably go it alone.
For a rapidly consolidating banking industry, national regulation is clearly more efficient in some ways than a hodgepodge of local rules; and the Comptroller's office has a vast staff to resolve consumer complaints.Yet by excluding New York's own regulatory apparatus, the Comptroller has removed an entire layer of consumer protection, says Diana Taylor, New York's superintendent of banks.
Mr. Paulson's plan would take a step toward both of these changes by consolidating banking and insurance regulators and potentially merging the Securities and Exchange Commission with the Commodity Futures Trading Commission, then stripping the combined entity of much of its regulatory authority.
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In November he proposed an overhaul that included consolidating bank regulators, creating a consumer financial protection agency and imposing new restraints on exotic financial instruments and credit rating agencies.
WASHINGTON — The chairman of the Senate banking committee proposed a financial overhaul on Tuesday that included consolidating bank regulators, creating a consumer financial protection agency and imposing new restraints on exotic financial instruments and credit rating agencies.
On Tuesday, Mr. Dodd proposed a sweeping overhaul of the regulatory system that included consolidating bank regulators and creating a consumer financial protection agency that would take the Federal Reserve out of the business of regulating credit cards and mortgages.
We find that in China, the state plays a particularly important role in the growth of a financial center by providing favorable policies, creating localization economies, consolidating banks, and strengthening the city's power through state-owned enterprises.
Recovery from that crisis required Indonesia, South Korea and Thailand to close or consolidate banks.
Consolidate bank accounts.
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