Shelf registration has contributed to the concentrated nature of the investment banking industry.

Question

Quizplus · Accepted Answer

Shelf registration allows investment banks to quickly register and sell securities on behalf of their clients, which gives larger, established investment banks an advantage over smaller ones that may not have the resources to offer such services. As a result, shelf registration has contributed to the concentration of power in the investment banking industry among a few large firms.

Shelf Registration Has Contributed to the Concentrated Nature of the Investment