Bank merger ban key to stability, conference hears
"Hypercompetition" fatal to UK and US banks
A regulatory ban on mergers between major banks unintentionally helped Australia and Canada through the financial crisis, according to research presented at a conference at the London School of Economics on November 17.
Canadian and Australian regulators had imposed bans on mergers between the largest banks in each country (five in Canada, four in Australia). This action, argued Stephen Bell from the University of Queensland and Andrew Hindmoor from the University of Sheffield, insulated the
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