Financial services policy, Risk Management

Assignment Help:

On successful completion of FSAP, the EC concluded that the EU FS industry still had strong untapped economic and employment growth potential. As a result, the White Paper on Financial Services Policy 2005-2010 published in December 2005 outlined five priorities:

1. Dynamically consolidate progress and ensure sound implementation and enforcement of existing rules

2. Drive through the better regulation principles into all policy making

3. Enhance supervisory convergence

4. Create more competition between service providers, especially those active in retail markets

5. Expand the EU's external influence in globalizing capital markets and indicate that obligations to cooperate and exchange information between supervisors had to be reinforced.

Therefore, before the financial crisis, the EU was attempting to create an integrated, Europe-wide, single market in FS underpinned by a strong regulatory and supervisory framework. Europe became a key player in global FS that is, banking, insurance and securities, along with the US and Japan. In terms of bank assets the EU holds over 50% of the world's assets, with Asia as a group holding around 14% while in relation to insurance, the two outstanding originators of global insurance premiums are the EU and US, each accounting for a third of global premium volume: the EU also contributed 27% to stock market capitalization and 34% to debt securities in 2006/2007.2


Related Discussions:- Financial services policy

Fixed income risk management, Fixed Income Risk Management You are a...

Fixed Income Risk Management You are asked in this assignment to insure the value of a bond portfolio during the (in hindsight) turbulent 8-month (or 245-day) period from 1

Decide and adopt methods to manage the risk, There are 5 primary steps in a...

There are 5 primary steps in assessing risk in the workplace wrt to H&S, identify 3 and discuss the what actions should be taken to manage or negate the risks posed - The sect

Audit of home retail group , Critically assess the risk-based approach to e...

Critically assess the risk-based approach to external audit with particular reference to the audit of Home Retail Group plc. Note: You must give examples of how you might col

What is the objective of risk management, Question: (a) What is the obj...

Question: (a) What is the objective of risk management? (b) Define the term risk avoidance. (c) Define and describe the Methodology of process approach in ISO 9000. (d

What is expected return on a portfolio, Q. What is Expected Return on a Por...

Q. What is Expected Return on a Portfolio? The Expected Return on a Portfolio is simply' the weighted average of the expected returns of the individual securities in the given

Futures Contracts, An Australian company purchases wheat on a regular basis...

An Australian company purchases wheat on a regular basis and is concerned about rising grain prices. It is now June and the company is in the process of planning their October whea

Show additively of betas, Q. Show Additively of betas? it is indicated ...

Q. Show Additively of betas? it is indicated earlier that any risk unique to an individual security can be removed by diversification, however as diversification increases, the

Explain the meaning of risk management, Explain the meaning of risk managem...

Explain the meaning of risk management to an organisation Concept of risk: • What is risk? • Risk and decision making • Types of strategic risk • Six steps to managing strate

Insurance, insurance is a pool of risk?discuss

insurance is a pool of risk?discuss

Synergy, Synergy This is the concept in which two or more various busin...

Synergy This is the concept in which two or more various businesses, activities, or procedure will. When it working together they create an overall value greater than that of t

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd