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Twin Peaks for Europe: State-of-the-Art Financial Supervisory Consolidation

Rethinking the Group Support Regime Under Solvency II

  • Olivia Johanna Erdélyi

Table of contents

  1. Front Matter
    Pages i-xvii
  2. Olivia Johanna Erdélyi
    Pages 1-7
  3. Olivia Johanna Erdélyi
    Pages 9-37
  4. Olivia Johanna Erdélyi
    Pages 39-75
  5. Olivia Johanna Erdélyi
    Pages 77-124
  6. Olivia Johanna Erdélyi
    Pages 125-168
  7. Olivia Johanna Erdélyi
    Pages 169-199
  8. Olivia Johanna Erdélyi
    Pages 201-258
  9. Olivia Johanna Erdélyi
    Pages 259-262

About this book

Introduction

The book addresses the truly interdisciplinary and highly controversial subject of international financial regulation and supervision, which has been at the center of academic, political, and public attention since the start of the current economic and financial crisis. Drawing on international financial regulatory and supervisory experience and in line with the European Monetary Union’s gradual transformation into a Genuine Economic and Monetary Union, it proposes the transformation of the European financial supervisory framework into a hybrid twin-peaks model to create the previously missing necessary legal foundation for the adoption of the so-called Group Support Regime (GSR). The latter is a relatively simple and transparent capital management tool for (re)insurance groups operating in a parent-subsidiary structure proposed by the European Commission under the new Solvency II insurance supervisory framework, which despite lengthy consideration was eventually rejected by Member States.

Keywords

Financial regulation and supervision Insurance group supervision European integration European financial services legislation EMU European Monetary Union European Union GSR Group support regime Solvency II European Commission

Authors and affiliations

  • Olivia Johanna Erdélyi
    • 1
  1. 1.Heinrich Heine University of DüsseldorfFrankfurt am MainGermany

Bibliographic information

  • DOI https://doi.org/10.1007/978-3-319-30707-7
  • Copyright Information Springer International Publishing Switzerland 2016
  • Publisher Name Springer, Cham
  • eBook Packages Law and Criminology
  • Print ISBN 978-3-319-30706-0
  • Online ISBN 978-3-319-30707-7
  • Buy this book on publisher's site
Industry Sectors
Finance, Business & Banking