Financial Conglomerates : New Rules for New Players?
Editorial Reviews
Book Description
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.
From the Back Cover
Financial conglomerates have been established the last couple of years all over Europe. This horizontal diversification has not only attracted a great deal of attention in the banking and insurance sector but has also alarmed the supervisory authorities and the European Commission. This book is innovative because it gives a broad overview of the following aspects :
* It analyses different sets of definitions of financial conglomerates, groups,
consolidation, criteria, etc. And tests the practical effect of these definitions on the basis
of a detailed relational data base;
* although the benefits of financial conglomerates are straightforward, it is clear that quite
a number of potential risks can not be ignored;
* moreover the differences in regulation of the solvency requirements for banks, insurance
companies and investment firms are analysed in order to look for a possible approach
for calculating the necessary level of solvency for financial conglomerates. Consequently the book is useful for as well as practitioners as academic researchers in both the financial and the insurance markets.
Financial Conglomerates : New Rules for New Players?,L. van den Berghe,Springer,0792337530,Banks & Banking,Business / Economics / Finance,Business/Economics,Conglomerate corporations,Europe,Finance,Financial institutions,General,International,Law,Business & Economics / Finance
English Books:
Recommended Books