Finally, the supervisory and regulatory structure will need to evolve to meet these new challenges, but regulatory authorities should remain vigilant to carry out our duties, particularly in enforcing the antitrust laws. II. Will Financial Service Conglomerates be Successful?
The Historical Context of Conglomeration The concept of the financial conglomerate is receiving a great deal of attention at this time because of the diminishing distinctions across financial industries. However, the success of such conglomerates is certainly not guaranteed, based on historical experience. For an illustration, one need only look back to the conglomerate merger movement in the industrial sector during the 1960s.