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

Define the meaning of risk, Define the meaning of Risk  Risk can be de...

Define the meaning of Risk  Risk can be described as the probability that expected return from security won't materialize. Every investment involves uncertainties which make f

Identify the entities for managing risks and controls, QUESTION Mybank ...

QUESTION Mybank Commercial Bank is a global conglomerate with operations in more than 10 countries and with more than 25,000 employees across the globe. The bank's technology t

Determine the optimal for investor, The investor has constant wealth 1 and ...

The investor has constant wealth 1 and is offered to invest in shares of a project that either gains 3/2 or loses 1 with equal probabilities. Therefore, if the investor obtains sha

Certification, what will be the number one credential for risk management?

what will be the number one credential for risk management?

Risk and return, A person is willing to sell some stock at Rs 500000 after ...

A person is willing to sell some stock at Rs 500000 after one year from now. The risk free rate is 7% and the risk premium is estimated at 8%. I the person is intending to enter a

Historical simulation approach, 1) What difference does it make to the Var ...

1) What difference does it make to the Var calculated in Example if the exponentially weighted moving average model is used to assign weights to scenarios as described in Section 1

Risk neutral approach, First's current stock price is $260. The price may r...

First's current stock price is $260. The price may rise to $300 or fall to $170 in one month. The risk-free interest rate is 18% per year. a. Using the replication portfolio app

Utility theory, While uncertain, they have estimated the net revenue from t...

While uncertain, they have estimated the net revenue from this patent to have the proba- bility distribution, ??(??) = ?? ??????(-????) in which ?? = 0.05 and x=million dollars (x

Determine about the bull-bear market risk, Bull-Bear Market Risk Thi...

Bull-Bear Market Risk This risk arises from the variability in the market returns resulting from alternating bull and bear market forces. Ø when security index rises fair

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