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Financial Conglomerates - New Rules for New Players? (Hardcover, 1995 ed.)
Loot Price: R2,896
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Financial Conglomerates - New Rules for New Players? (Hardcover, 1995 ed.)
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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.
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