Deregulation and Competition Many analysts attribute much of the change in the financial services industry to deregulation. Deregulation was a natural response to increased competition rather than the catalyst of competition. ■ competition between depository institutions and nondepository financial firms,and ■ competition between the same type of competitors across world markets Deregulation sped up the process,but did not necessarily start it. 的资5土号Deregulation and Competition Deregulation and Competition Many analysts attribute much of the change in the financial services industry to deregulation. Deregulation was a natural response to increased competition rather than the catalyst of competition. „ competition between depository institutions and nondepository financial firms, and „ competition between the same type of competitors across world markets Deregulation sped up the process, but did not necessarily start it