Group of Ten releases Report on Financial Sector Consolidation
Today, the Group of Ten released its Report on Financial Sector Consolidation
The purpose of the Report is to set out a framework for understanding the process of consolidation in the financial sector. The Report reviews the patterns of consolidation in 13 nations and identifies the main causes. It then examines the policy implications in four areas: financial risk, monetary policy, competition and efficiency, and payments and settlements. The Report is based on empirical and analytical work, including consultations with a large number of private-sector participants.
A press release issued by the Group of Ten, as well as the complete report, are available at www.bis.org