Access

You are not currently logged in.

Access your personal account or get JSTOR access through your library or other institution:

login

Log in to your personal account or through your institution.

If You Use a Screen Reader

This content is available through Read Online (Free) program, which relies on page scans. Since scans are not currently available to screen readers, please contact JSTOR User Support for access. We'll provide a PDF copy for your screen reader.

Public Trust in Investment Banking

Ivo G. Caytas
Die Unternehmung
Vol. 43, No. 3 (1989), pp. 150-158
Stable URL: http://www.jstor.org/stable/24179826
Page Count: 9
  • Read Online (Free)
  • Subscribe ($19.50)
  • Cite this Item
Since scans are not currently available to screen readers, please contact JSTOR User Support for access. We'll provide a PDF copy for your screen reader.
Public Trust in Investment Banking
Preview not available

Abstract

Given the fact that investment banking operates at the epicenter of the allocation of financial assets, it has to steer a balanced course betwee the preservation of public trust and the paralysis of market-oriented risk-taking: regulation, self-restraint, peer control and public disclosure are the centerpieces of a mechanism that both drives and slows financial innovation. Before long, decisions will have to be made as to whose interests are to prevail in market situations that preclude the accomodation of the positions of all parties involved. With the advent of a new administration in the United States, it may soon appear that re-regulation of securities markets is not nearly as much in conflict with the conservative agenda as it seemed during the Reagan years – all prompted by the insight that daunting choices cannot be avoided forever, and a healthy market is essential to any solution conceivable.

Page Thumbnails

  • Thumbnail: Page 
150
    150
  • Thumbnail: Page 
151
    151
  • Thumbnail: Page 
152
    152
  • Thumbnail: Page 
153
    153
  • Thumbnail: Page 
154
    154
  • Thumbnail: Page 
155
    155
  • Thumbnail: Page 
156
    156
  • Thumbnail: Page 
157
    157
  • Thumbnail: Page 
158
    158