... retention and extension, 121Collective investment vehicles, 4, 6Commercial banks:corporate scandals of 2002, 217cross-market transactions and, 38–42cross-selling and, 69–72flow of funds and, ... product innovations and new av-enues that avoid cumbersome and costly regulations by shifting themeither functionally or geographically.214 Mergers and Acquisitions in Banking and FinanceREGULATORY ... efficiency and creativity on the one hand, and safety,stability and suitable market conduct in the financial system on the other.They face the daunting task of designing an “optimum” regulatory and supervisory...