The present limits on non-financial corporations’ shareholdings in banks and the associated prohibition on their acquisition of controlling interests will also be reviewed in the light of the forthcoming Community legislation. Conditions are now ripe for reform of the legislation governing cooperative banks, to which it is hoped they will make a constructive contribution.
Most of the time, it is impossible to tell at first whether such research will yield commercially marketable results. However, once new knowledge has entered the world, it can be used by others without having to bear the costs and risks of research. Under these conditions, less research is conducted by the private sector than would make sense from an economic perspective.