The University of Southampton
University of Southampton Institutional Repository

Japan's "Glass-Steagall" Act

Japan's "Glass-Steagall" Act
Japan's "Glass-Steagall" Act
Among the world's major international financial centres there are some countries which have traditionally combined banking and securities business (notably West Germany and Switzerland both of which have a long history of ‘universal’ banking), others which are currently experiencing a fusion of these activities (UK and Canada for instance) and a diminishing group which retain laws separating commercial from investment banking (by far the most important being the US and Japan). The prevalent view appears to be that both public policy and commercial considerations point to eventual adoption of the universal banking model by all the major financial centres. Certainly, the co-existence of universal banking systems and regulatory regimes that prohibit the mixing of banking and securities business give rise to competitive disparities as well as supervisory problems. This article examines the present legal and regulatory constraints on Japanese banks' securities activities, the increasing pressures for relaxation of such constraints and the various options open to the authorities should they wish to adopt a more permissive approach to the mixing of banking and securities business.
banking, japan, securities
0267-937X
138-146
Dale, R.S.
b637fb4c-899e-4bec-82a4-0b2ca795f7c7
Dale, R.S.
b637fb4c-899e-4bec-82a4-0b2ca795f7c7

Dale, R.S. (1987) Japan's "Glass-Steagall" Act. Journal of International Banking Law, 2 (3), 138-146.

Record type: Article

Abstract

Among the world's major international financial centres there are some countries which have traditionally combined banking and securities business (notably West Germany and Switzerland both of which have a long history of ‘universal’ banking), others which are currently experiencing a fusion of these activities (UK and Canada for instance) and a diminishing group which retain laws separating commercial from investment banking (by far the most important being the US and Japan). The prevalent view appears to be that both public policy and commercial considerations point to eventual adoption of the universal banking model by all the major financial centres. Certainly, the co-existence of universal banking systems and regulatory regimes that prohibit the mixing of banking and securities business give rise to competitive disparities as well as supervisory problems. This article examines the present legal and regulatory constraints on Japanese banks' securities activities, the increasing pressures for relaxation of such constraints and the various options open to the authorities should they wish to adopt a more permissive approach to the mixing of banking and securities business.

Full text not available from this repository.

More information

Published date: 1987
Keywords: banking, japan, securities

Identifiers

Local EPrints ID: 64649
URI: https://eprints.soton.ac.uk/id/eprint/64649
ISSN: 0267-937X
PURE UUID: 722bf4a4-329e-464f-9c0a-54131e81ac6e

Catalogue record

Date deposited: 27 Jan 2009
Last modified: 13 Mar 2019 20:21

Export record

Contributors

Author: R.S. Dale

University divisions

Download statistics

Downloads from ePrints over the past year. Other digital versions may also be available to download e.g. from the publisher's website.

View more statistics

Atom RSS 1.0 RSS 2.0

Contact ePrints Soton: eprints@soton.ac.uk

ePrints Soton supports OAI 2.0 with a base URL of https://eprints.soton.ac.uk/cgi/oai2

This repository has been built using EPrints software, developed at the University of Southampton, but available to everyone to use.

We use cookies to ensure that we give you the best experience on our website. If you continue without changing your settings, we will assume that you are happy to receive cookies on the University of Southampton website.

×