Competition is the key factor in the determination of the nature of any market driven industry. Banking and financial institutions are by no means exempt from the forces of competition. Therefore, as competition increases so does a firm's apparent need to expand and increase in size, for it has always been true that only the strongest survive.

But is "bigger" really "stronger" or "better"? Or does size actually reduce a firm's capability to focus on its most important concerns, the ability to use their human capital stock to its full potential and the ability to focus on the needs of the increasingly well informed and discriminating client. Certainly this is the case when size reduces responsiveness, creativity and freedom to deliver appropriate product to the market.

This discussion is focused on the factors which have led to the recent trend towards consolidation among banking and financial institutions. To survive in the future, banking and financial institutions must excel in several fundamental areas. Global capability, superb technology, cost efficiency, management of risk, elimination of redundancy are a few of the primary factors which will enable firms to succeed in a more global environment in the future. Whether mergers and consolidation between firms increases the new entities ability to succeed in these key areas in an ever more competitive and divergent environment is central to this discussion.

The affect of regulatory control, and the possibility of international deregulation, on the competitive nature of banking and financial institutions is another consideration which will be examined to evaluate the influence on mergers and acquisition. For it is competition which drives the weaker institutions out of the industry, and it is regulation, especially in the case of the Glass-Steagall Act in the US, which serves as a barrier to this competition. Government intervention in the Japanese economy has been pronounced, especially in areas such as the `elimination` of unemployment. Will the removal of regulation increase the drive towards consolidation to a point where only a handful of mega-insitutions are able to function in the competitive environment of the future? Or will the opening of a more diverse range of niche markets allow smaller, more dynamic firms to survive?

In addressing these issues this discussion will draw forth the key factors leading to the recent trend towards mergers and at the same time strive to determine whether this trend will continue into the future.

Grammatical corrections and comments

Suggested Correction	Short grammatical or logical explanation
Competition is the key factor in the determination of the nature of any market driven industry. Banking and financial institutions are by no means exempt from the forces of competition. Therefore, as competition increases so does a firm's apparent need to expand and increase in size, for it has always been true that only the strongest survive.	** comments
But is "bigger" really "stronger" or "better"? Or does size actually reduce a firm's capability to focus on its most important concerns, the ability to use their human capital stock to its full potential and the ability to focus on the needs of the increasingly well informed and discriminating client. Certainly this is the case when size reduces responsiveness, creativity and freedom to deliver appropriate product to the market.	** comments
This discussion is focused on the factors which have led to the recent trend towards consolidation among banking and financial institutions. To survive in the future, banking and financial institutions must excel in several fundamental areas. Global capability, superb technology, cost efficiency, management of risk, elimination of redundancy are a few of the primary factors which will enable firms to succeed in a more global environment in the future. Whether mergers and consolidation between firms increases the new entities ability to succeed in these key areas in an ever more competitive and divergent environment is central to this discussion. The affect of regulatory control, and the possibility of international deregulation, on the competitive nature of banking and financial institutions is another consideration which will be examined to evaluate the influence on mergers and acquisition. For it is competition which drives the weaker institutions out of the industry, and it is regulation, especially in the case of the Glass-Steagall Act in the US, which serves as a barrier to this competition. Government intervention in the Japanese economy has been pronounced, especially in areas such as the `elimination` of unemployment. Will the removal of regulation increase the drive towards consolidation to a point where only a handful of mega-insitutions are able to function in the competitive environment of the future? Or will the opening of a more diverse range of niche markets allow smaller, more dynamic firms to survive?	** comments
In addressing these issues this discussion will draw forth the key factors leading to the recent trend towards mergers and at the same time strive to determine whether this trend will continue into the future.	** comments

Questions and Comments

Study in developing "Executive Overview" in detail

Executive Overview statement	Explanation on how developed
We have undertaken the study of the "Problem of 'full employment'"	Very clearly tell the reader what the main point of your study is about.
A	A2
B	B2.
C.	C2.
D	D2.
E	E2
F.	F2.
G.	G2
H.	H2.

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