Title | Financial Conglomerates [electronic resource] : New Rules for New Players? / edited by Lutgart Van den Berghe |
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Imprint | Dordrecht : Springer Netherlands : Imprint: Springer, 1995 |
Connect to | http://dx.doi.org/10.1007/978-94-011-0413-5 |
Descript | 192 p. 4 illus. online resource |
1. Defining financial conglomerates Combining economic and legal approaches -- 1.1. The essential elements that constitute a financial conglomerate -- 1.2. Defining a group of enterprises -- 1.3. Defining financial institutions and financial activities -- 1.4. What distinguishes a financial conglomerate from a financial institution? -- 1.5. Complementarity between the activities and institutions involved -- 1.6. A financial conglomerate is not really a conglomerate in the economic sense of the word -- Appendix 1.A. Relevant definitions -- A.1. Defining a group -- A.2. Defining a daughter company or subsidiary -- A.3. Defining a participation -- A.4. Defining an associated or related enterprise -- A.5. Defining a financial conglomerate -- 2. Defining financial conglomerates; Discussion -- 2.1. Discussion by dr.A.J.Vermaat -- 2.2. Discussion by Drs.J.H. Holsboer -- 2.3. Discussion by dr. K.W. Knauth -- 2.4. Discussion by P.Pearson -- 2.5. The case Norway by S. Simonsen -- Appendix 2.A -- A.1. Financial institutions -- A.2. Financial groups -- 3. Application of the most relevant definitions to the relational database -- 3.1. The collection of the data -- 3.2. The results -- 4. Financial conglomerates; Risks? -- 4.1. What are the potential risks in relation to financial conglomerates ? -- 4.2. The supervision of financial conglomerates -- 5. Solvency regulations for financial conglomerates -- 5.1. Calculation of the required level of solvency for credit institutions and for insurance companies -- 5.2. Calculation of the solvency fund for credit institutions and insurance companies -- 5.3. Other elements that must guarantee the stability and confidence in the financial and insurance sector -- 5.4. Philosophy behind the solvency requirements for credit institutions and insurance companies -- Appendix 5.A. Credit institutions -- A.1. What is the minimum level of solvency? -- A.2. Components of solvency -- A.3. Risk weighting factors -- Appendix 5.B. Insurance companies -- B.1. What is the minimum level of solvency -- B.2. Components of solvency -- B.3. List of symbols -- 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 -- 6.1. Some theoretical remarks -- 6.2. Simulations of the combined solvency -- 6.3. Analysis of the need for an actualisation of the minimum solvency requirements -- Appendix 6.A.Theoretical problems in the application of the banking rules to insurance companies -- A.1. Definition of the solvency needed: the weighting factors -- Appendix 6.B. Simulation exercises -- B.1. Calculation of the solvency required according to the banking directives -- B.2. Combining solvency requirements according to insurance and banking rules -- Appendix 6.C. Correction: minimum solvency levels -- C.1. Correction on the European level -- C.2. Corrections for the Dutch market -- 7. Financial conglomerates, solvency and risks -- 7.1. Discussion by S. Simonsen -- 7.2. Discussion by ร. Lรining -- 7.3. Risk-based capital in the United States, discussion by J. Roos -- 7.4. Discussion by drs.J.H. Holsboer -- 7.5. Discussion by dr. K.W. Knauth -- 7.6. Discussion by R Pearson -- Appendix 7.A.Thresholds and minimum guarantee funds -- 8. Why financial conglomerates? Strategic Issues -- 8.1. What is the reasoning behind the formation of a financial conglomerate ? -- 8.2. Financial conglomerates: new wave strategic thinking? -- 8.3. Strategy at the limits of the possible: the management recipe of the nineties -- 8.4. Strategy at the limits of the possible goes further than internal creativity -- 8.5. The formation of financial conglomerates can be a strategy at the limits of the possible -- 8.6. Conclusions -- 9. Summary and Conclusions -- 9.1. Part 1 โ Definitions -- 9.2. Part II โ Regulating financial conglomerates -- 9.3. Part III โ Strategic issues