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  • 标题:Risk in Financial Conglomerates: Management and Supervision
  • 本地全文:下载
  • 作者:Iman van Lelyveld ; Arnold Schilder
  • 期刊名称:DNB Research Reports
  • 出版年度:2002
  • 卷号:1
  • 出版社:De Nederlandsche Bank
  • 摘要:Financial conglomerates, combining banking, securities trading, and insurance, have become an important part of the financial landscape in many countries. Cross-sector consolidation has been fostered by trends such as disintermediation, globalization, and deregulation creating new challenges for both the group¡¯s management as well as for regulators. We discuss the theoretical reasons why supervisors are interested in the riskiness of a financial firm and why ¨C for firms ¨C a similar concern emerges from the theory on risk management, both from a market and a firm perspective. After describing the Dutch institutional set-up, we turn to the discussion of the following question: How can a supervisor devise a framework of supervision that does justice to a financial conglomerate¡¯s own responsibility and, at the same time, safeguards the general public¡¯s interest? The framework, we feel, should be similar in flavor to the Supervisory Review, as proposed in the new Basel accord.
  • 关键词:supervision, financial conglomerates, banks, insurers, diversification.
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