By Carol Beaumier, John Atkinson and Michael Brauneis, Protiviti
The paper “Investment Banks and Commercial Banks are Analogous to Oil and Water, They Just Do Not Mix” expresses a view that investment banks are not financial intermediaries. Does this mean that the related regulators are also like oil and water? This publication examines this further by discussing the differences between these regulators, the Securities and Exchange Commission and the Federal Reserve Board.