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- 11 Apr 2000
- Research & Ideas
Financial Services 24/7
by Susan Young
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. Closed for comment; 0 Comment(s) posted.
The Gap in the U.S. Treasury Recommendations
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. Key concepts include: The Treasury proposal recognizes that fundamental change in the regulatory structure is required for managing risk in the financial system. The difficulty with the approach is that the risk in the financial system will not disappear—it will simply move to the non-prudentially regulated firms. The United States should include all financial service firms under the regulatory authority of the new prudential regulator. Closed for comment; 0 Comment(s) posted.