Overview

Financial services industry has shown trends of increased consolidation across different types of financial institutions. This book focuses on the conglomeration of banking and insurance activities among financial institutions of the 15 old members of the European Union, and addresses the development and impact of conglomeration linkages between these fifteen and the ten new member states. Most of the large groups combining banking and insurance activities groups among the former member states of the European Union are often linked to the largest such institutions in the new member states, having created the linkages mainly through Merger & Acquisition Activities; with greater accent on the banking sector and lesser connections on insurance side. Financial conglomeration linkages between the EU-15 and the new member states highlight investment attractiveness of the new members, with the appeal of new markets that allow the presence of more participants. Both institution-specific and country-specific factors play role in conglomeration across the new member states.

Full Product Details

Author:   Ingrid Ulst (European Investment Bank)
Publisher:   Central European University Press
Imprint:   Central European University Press
Dimensions:   Width: 15.90cm , Height: 1.50cm , Length: 23.40cm
Weight:   0.380kg
ISBN:  

9789637326127

ISBN 10:   963732612
Pages:   147
Publication Date:   10 May 2005
Audience:   College/higher education ,  Tertiary & Higher Education
Format:   Hardback
Publisher's Status:   Active
Availability:   Awaiting stock  
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Table of Contents

List of Tables; List of Graphs. Introduction; Chapter 1; Financial Conglomeration: Economic and Legal Aspects; 1.1. Nature and Features of Financial Conglomeration; 1.2. Why Financial Conglomeration?; 1.2.1. Developments of Conglomeration; 1.2.2. Reasons for Conglomeration; 1.2.2.1. Motives of Financial Institutions; 1.2.2.2. Driving Forces of Conglomeration; 1.2.2.3. Economics of Conglomeration; 1.3. Risks and Safeguards of Financial Conglomeration. Chapter 2; Financial Conglomeration in the European Union; 2.1. Banking in the European Union: Importance and Insurance Linkages of; Largest Banks; 2.2. Insurance in the European Union: Importance and Banking Linkages of; Largest Insurance Undertakings; 2.3. Major Banking-Insurance Groups in the European Union. Chapter 3; Financial Conglomerates of the European Union in the New Member States; 3.1. Banking and Insurance Sectors in the New Member States; 3.2. Presence and Importance of the European Union Banking-Insurance Groups; in the New Member States; 3.2.1. Largest Banks in the New Member States and the European Union; Linkages; 3.2.2. Largest Insurance Undertakings in the New Member States and the; European Union Linkages; 3.2.3. Presence of the European Union Banking-Insurance Groups in; the New Member States; 3.3. M&A Activities of the European Union Banking-Insurance Groups in the New; Member States; 3.3.1. Banking-Insurance Sector M&A Experience; 3.3.2. M&A Criteria: Case Studies; 3.4. Opportunities and Threats of Financial Conglomeration; 3.4.1. From the Perspective of Institutions; 3.4.2. From the Perspective of Countries. Conclusion; References; Sources of Research Data; Internet Sources; Databases; Abbreviations; Index

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Author Information

Ingrid Ulst (LL.M. Finance) is a graduate of J.W.Goethe Frankfurt University, Institute for Law and Finance. She has previously worked in commercial banking and interned with the European Central Bank. Currently she is occupied as a Chief Specialist in the Ministry of Finance of Estonia. In 2003 she published two articles on EU financial regulation in Tartu University law review Juridica. An article on Basel II and SME lending was published in Estonian Business School Review in July 2003. In October 2004 her paper on financial conglomerates was awarded the first research prize of the Estonian Academy of Sciences.

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