Overview

In recent years financial conglomerates have been established throughout Europe. This horizontal diversification has attracted a great deal of attention in the banking and insurance sector, and has alarmed the supervisory authorities and the European Commission. Financial Conglomerates: New Rules for New Players? gives a broad, innovative survey of the following aspects: it analyzes different sets of definitions of financial conglomerates, groups, consolidation criteria, etc., testing the practical effects of these definitions on the basis of a detailed relational database; although the benefits of financial conglomerates are straightforward, it is clear that quite a number of potential risks cannot be ignored; moreover, the differences in regulation of the solvency requirements for banks, insurance companies and investment firms are analyzed in order to look for a possible approach for calculating the necessary level of solvency for financial conglomerates. Audience: Required reading for practitioners as well as academic researchers in both the financial and the insurance markets. Strategic as well as regulatory perspectives are relevant disciplines.

Full Product Details

Author:   L. van den Berghe
Publisher:   Springer
Imprint:   Springer
Edition:   1st ed. Softcover of orig. ed. 1995
Dimensions:   Width: 16.00cm , Height: 1.00cm , Length: 24.00cm
Weight:   0.454kg
ISBN:  

9789048146246

ISBN 10:   9048146240
Pages:   178
Publication Date:   01 December 2010
Audience:   Professional and scholarly ,  Professional & Vocational
Format:   Paperback
Publisher's Status:   Active
Availability:   Out of stock  
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Table of Contents

Foreword. 1. Defining financial conglomerates. Combining economic and legal approaches. Appendix 1.A. Relevant definitions. 2. Defining financial conglomerates; Discussion. Appendix 2.A. Financial institutions. 3. Application of the most relevant definitions to the relational database. 4. Financial conglomerates; risks? 5. Solvency regulations for financial conglomerates. Appendix 5.A. Credit institutions. Appendix 5.B. Insurance companies. Appendix 5.C. Comparison of own funds. 6. Research into the possibility of a global approach for the calculation of the solvency requirements of financial conglomerates. Appendix 6.A. Theoretical problems in the application of the banking rules to insurance companies. Appendix 6.B. Simulation exercises. Appendix 6.C. Correction: minimum solvency levels. 7. Financial conglomerates, solvency and risks. Appendix 7.A. Thresholds and minimum guarantee funds. 8. Why financial conglomerates? Strategic issues. 9. Summary and conclusions. Index. Bibliographic references.

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