Forum (Forum & Focus)
Jun. 30, 2009
The Case Against Consolidation
Consolidating two California regulatory departments will not result in either streamlining or simplifying oversight, writes Keith Paul Bishop.
FORUM COLUMN
By Keith Paul Bishop One hundred years ago, committees of the California Bankers' Association, the California Legislature and the Commonwealth Club of San Francisco tackled the problem of how the state regulated banks. A weak and understaffed board of commissioners had not proven to be up to the task. The result of the committees' work was the enactment of the Banking Act of 1909. The new act was based on the premise that banking regu...
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