WASHINGTON - Responding to concerns that unregulated nonbanks are stealing business, the Bank Administrative Institute has commissioned a study of whether the current banking rules are relevant in an increasingly competitive business environment.

"This research project will identify ways to ensure that balanced regulatory policies, designed to promote safety and soundness, will not place banks at a competitive disadvantage in relation to their emerging new bank competitors," said William S. Haraf, senior vice president at Bank of America and chairman of the institute's regulatory affairs counsel.

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