Towards a Proposal for a European Directive on Financial Conglomerates

  • Lutgart van den Berghe
  • Kurt Verweire
Chapter

Abstract

The European Commission as well as the supervisory authorities of the banking and insurance sectors are concerned about the stability and solvency of diversified groups within the financial sector. The European commission as well as the Economic and Social Committee state that the increasingly close ties between insurance companies and other financial institutions within the so-called financial conglomerates mean that appropriate prudential measures are necessary in this respect. At the same time they are looking for a level playing field which also encompasses comparable or even integrated approaches towards solvency regulation and supervisory mechanisms.

Keywords

Parent Company Equity Capital Insurance Sector European Directive Insurance Group 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

Preview

Unable to display preview. Download preview PDF.

Unable to display preview. Download preview PDF.

Copyright information

© Springer Science+Business Media Dordrecht 1998

Authors and Affiliations

  • Lutgart van den Berghe
    • 1
  • Kurt Verweire
    • 2
  1. 1.The Vlerick School of ManagementUniversity of GentBelgium
  2. 2.Erasmus University RotterdamThe Netherlands

Personalised recommendations