期刊名称:Euro Area Balance of Payments and International Investment Position Statistics
印刷版ISSN:1830-3420
电子版ISSN:1830-3439
出版年度:2004
出版社:European Central Bank
摘要:Financial companies are increasingly moving into each other’s traditional core business areas and one way of doing so is through financial services groups. Some of these groups, called “financial conglomerates”,1 are active in several business areas such as banking and insurance. These groups pose certain risks which are not adequately addressed by the sectoral supervisory framework. In order to tackle this, the Financial Conglomerates Directive2 was adopted at the European Union (EU) level. This paper investigates in more detail the various issues related to the emergence of such conglomerates.