Owning the right credits that emerge as a means of disintermediation
can be lucrative," Mr.
Still, there is a case to be made for disintermediation
4 billion lost to disintermediation
, and probably a nice cushion added to the bottom line.
In the e-commerce world, the practice of disintermediation
has helped to spur exponential growth in many industries.
But a similar message runs throughout virtually all thoughts on the matter, with artists almost univocally trumpeting Netbased disintermediation
as a way of avoiding the suits who impinge on true genius and unfettered artistic expression.
or the flight of dealing from established exchanges to alternatives such as electronic communications networks is gathering pace in the United States and is expected to have an impact in Europe too.
Some argue that a process of disintermediation
will eliminate huge numbers of distributors, shortening the vertical length and narrowing the horizontal breadth of the supply chain.
Technological substitution, disintermediation
, and convergence are three factors that will have an obvious impact on tax practice.
However, the disintermediation
and restructuring forces, which have acted powerfully to depress the growth of money, have exerted a less powerful constraint on spending; that is, slower money growth has not tended to show through percentage point for percentage point to reduce expansion of nominal gross domestic product.
importantly, unlike the earlier proposal, the newly proposed regulations do not mandate investments that insurance companies would view as competing with GICS in a manner that could result in disintermediation
and adverse selection.
In a related report, titled "Global Bank Disintermediation
Continues As Corporate Borrowing Needs Outpace Banks' Capacity," Standard & Poor's Ratings Services projects that disintermediation
, or the increased reliance on debt securities instead of bank loans for financing, will grow 3.
Andy Schmidt, research director at TowerGroup, said, 'While financial institutions recognise the need to provide mobile banking, the watch and wait approach many have taken towards mobile wallet services sets the stage for disintermediation
by others including Google and ISIS.