Capital adequacy regulation and financial conglomerates

Show full item record

Title: Capital adequacy regulation and financial conglomerates
Author: Mälkönen, Ville
Organization: Suomen Pankki
Series: Suomen Pankin keskustelualoitteita
Series number: 10/2004
Year of publication: 2004
Publication date: 3.6.2004
Published in: Published in Journal of International Banking Regulation, Vol. 6, No. 1, 2004: 1-20
Pages: 29 s.
Keywords: pankkitoiminta; pääoma; sääntely; vakavaraisuus; valvonta; vakuutuslaitokset; pääomavaatimus;
JEL: G21; G22; G28
Abstract: A topical concern in public-policy debate is that the current capital adequacy regulation designed for stand-alone financial institutions exhibits several weaknesses due to the emergence of large financial institutions combining several activities under common control.This paper addresses these concerns using a theoretical framework derived from the economic literature.I will first describe the possible causes of the emergence of financial conglomerates, proceed to consider the theoretical background for the regulation of financial institutions, especially insurance and banking companies, and, finally, examine the limitations of the current regulatory framework in controlling the risks in financial conglomerates.My conclusions provide little support for the view that the regulatory approach should be modified towards a more consolidated one (ie harmonization).Key words: banking, capital adequacy regulation, insurance, financial conglomerates JEL classification numbers: G21, G22, G28
Note: Ilmestynyt myös Journal of International Banking Regulation 2004 ; 6 ; 1 sekä hieman eri nimellä uudempi versio v. 2009 Journal of financial stability 5 ; 2.

Files in this item

Total number of downloads: Loading...

Files Size Format View
113308.pdf 342.3Kb PDF View/Open

This item appears in the following Collection(s)

Show full item record