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Paola De Vincentiis

In: Good Governance, Democratic Societies and Globalisation

Chapter 16: Role of Government in the Financial Services Industry in the European Union: An International Perspective

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Role of Government in the Financial Services Industry in the European Union: An International Perspective
Role of government in the financial services industry in the European union: An international perspective
PaolaDe Vincentiis
Consolidation in the Financial Sector: Features, Figures and Reasons for the Phenomenon

One of the most impressive trends, which marked the development of the financial systems in the 1990s, was the increasing level of consolidation in the banking and financial services industry. A wave of mergers, acquisitions, joint ventures and strategic alliances has in fact given a new shape to the financial sector, deeply modifying the competitive landscape and the drivers for success.

The consolidation trend and its consequences have been broadly analysed in various studies, among which is an extensive report of the Group of Ten ...

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