U.S. Treasury recommendations for strengthening the regulation of the financial system are a good start but fall short, says Harvard Business School professor emeritus Dwight B. Crane. Here's his suggestion for bringing regulation into the 21st century.
Technology, especially Internet technology, is having a huge impact on the
financial services industry, leaving old and new players — and consumers —
scrambling to find their place in the new environment. HBS Professors Dwight
Crane, Warren McFarlan and Sandra Sucher look at the new
paradigm for financial services in this report from the HBS Bulletin.
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