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 discipline