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Vol 21 No 11 Nov/Dec 2016

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Criminal Injuries Compensation Claims

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Twin-Peaks for the European Union?: State-of-the-Art Financial Supervisory Consolidation and a Way for the Group Support Regime Back into Solvency II


ISBN13: 9783319307060
Published: June 2016
Publisher: Springer-Verlag
Country of Publication: Switzerland
Format: Hardback
Price: £86.00



This is a Print On Demand Title.
The publisher will print a copy to fulfill your order. Books can take between 1 to 3 weeks. Looseleaf titles between 1 to 2 weeks.

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.

Subjects:
Banking and Finance
Contents:
1. Introduction.
2. Milestones of European Insurance Regulation.
3. European Financial Services Legislation.
4. Insurance Groups and their Supervision.
5. The Group Support Regime.
6. Towards a Genuine Economic and Monetary Union.
7. Reform Considerations for the European Financial Stability Framework.
8. Conclusion