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You treated the two mergers as identical: regulators must allow both or neither.
The fact that he is signalling his views before his and other studies of the two mergers are complete supports the view that this is his aim.
The two mergers announced between investment banks in the last quarter would have altered the underwriting rankings a bit, if they had closed before the quarter's end.
If the two mergers are approved by regulators, Deloitte & Touche would become the smallest of the four major accounting firms remaining.
Allowing the two mergers to go forward would also make it more difficult for new insurers to enter a market, further hindering future competition, said Balber.
While the two mergers were aimed at very different types of insurance markets, consumer advocates and others raised concerns that the deals would result in higher insurance prices for consumers.
Similar(49)
Its board of directors would be split evenly between the two merger partners.
He said the document confirms the industry's impression that Ernst & Whinney was the stronger of the two merger partners.
Mr Allen's first task will be to oversee the integration process between the two merger partners, which is aimed at saving £100m a year in costs.
Analysts were divided about what effect, if any, last month's attacks had on the debate within the Pentagon about the two merger proposals.
They advocate a measure of "upward pricing pressure" (UPP) as a screen for judging the probable impact of a merger.Their gauge provides an estimate of the benefits of keeping the two merger candidates apart.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com