... 138– 145 absorption approach, 141 – 143 , 145 , 146 best-of-both-worlds approach, 141 , 143 – 146 preservation approach, 141 , 144 – 146 state-of-the-art system approach, 141 , 145 , 146 implementation of, 146 – 149 importance ... product innovations and new av-enues that avoid cumbersome and costly regulations by shifting themeither functionally or geographically.2 14 Mergers and Acquisitions in Banking and Finance REGULATORY ... services industry that is dominated by220 Mergers and Acquisitions in Banking and Finance The system is certainly subject to unnecessary complexity and excessiveregulatory costs. In recognition...