White Papers
Is the Bank Merger Regulatory Review Process Ripe for Change?
Overview In this renewed era of megamergers, including the recent mergers of Bank of America Corporation/FleetBoston Financial Corporation and JP Morgan Chase & Co./Bank One Corporation, one again revisits the extensive burden of the regulatory approval process. The existing process is complex with differing competitive analysis by banking agencies and the Department of Justice (DOJ). The Gramm-Leach-Bliley Act of 1999 (GLBA) and its amendments to the Hart-Scott-Rodino Antitrust Improvements Act of 1976 (HSRA) add the Federal Trade Commission (FTC) to the competitive review process when certain merging companies have competing nonbank subsidiaries. This paper will describe the more controversial elements of the merger approval process - the competitive review, the convenience and needs review and the interstate banking review.
| Publisher | Wolters Kluwer | File Format | |
|---|---|---|---|
| Date Published | April 2005 | Downloads | 39 |
| Format | White Papers | ||
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