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This paper considers the obstacles to the regulation of financial conglomerates and the events that have shaped thinking at the regulators, in particular in the banking context. In the light of the Barings debacle in particular it identifies some of the issues that such financial institutions raise for financial systems and the authorities, concluding with the challenges faced by national regulators in an increasingly global environment and what needs to be put in place to meet those challenges.
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© MCB UP Limited
1997
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