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Article
Beyond Finance: Permissible Commercial Activities of U.S. Financial Holding Companies
Cornell Law Faculty Publications
  • Saule T. Omarova, Cornell Law School
Document Type
Article
Publication Date
11-12-2013
Keywords
  • Financial holding companies; Americans for Financial Reform,
  • Roosevelt Institute
Abstract
!is essay explains the legal basis for, and examines public policy implications of, recent expansion of large U.S. financial holding companies’ non-financial business activities. Despite its potentially significant impact on economic growth and systemic stability, this phenomenon of financial conglomeration beyond finance remains poorly understood. Yet, any truly comprehensive and effective reform of financial services regulation must address public policy issues that arise when “too-big-to-fail” banks grow even bigger and more systemically significant by combining finance with commerce.
Comments

This article predates the author's affiliation with Cornell Law School.

Publication Citation
Published in: An Unfinished Mission: Making Wall Street Work for Us: A Report by Americans for Financial Reform & the Roosevelt Institute (2013).
Citation Information
Saule T. Omarova. "Beyond Finance: Permissible Commercial Activities of U.S. Financial Holding Companies" (2013)
Available at: http://works.bepress.com/saule_omarova/9/