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

American risk and insurance association, It is a professional organization ...

It is a professional organization for associates and academics in the insurance sector. The American Risk and Insurance Association comprises of scholars, carriers and individuals

Explain the term risk assessment, Question: (a) Explain the term Risk ...

Question: (a) Explain the term Risk assessment and outline the provision of the Occupational Safety and Health Act 2005 with respect to risk assessment. (b) Risk Assessment

Beta- measure of systematic risk, Beta- measure of systematic risk for an i...

Beta- measure of systematic risk for an investor who holds the shares of one company, it is total variance that is more relevant. But for most usual active investor who wishes to d

Explain about sharpers market model, Q. Explain about sharpers market model...

Q. Explain about sharpers market model? One important basic development in the portfolio management that led to the development of CAPM was the measurement of risk. The pioneer

Risk management should follow a structured approach, Risk management  shou...

Risk management  should follow a structured approach The elements of a structured approach  to  risk management,  as you have  already studied above, are risk evaluation, risk

Explain mechanisms of financial system for risk transferred, Explain about ...

Explain about the mechanisms of financial system for risk to be transferred. Financial systems also give mechanisms for risk to be transferred. For instance insurance contracts

Historical simulation approach, How can I calculate 10-day 99% VaR for port...

How can I calculate 10-day 99% VaR for portfolio comprising two banks by using the Historical Simulation Approach ?

Risk measure, The investment philosophy of Claire can be reflected from her...

The investment philosophy of Claire can be reflected from her comments “I will be satisfied if I just don’t lose money in my portfolio. I am more afraid of losing money than I am

Explain role of the project manage, Question 1: Explain role of the pro...

Question 1: Explain role of the project manager throughout a project life cycle with reference to the following. (a) Setting up a project team (and the factors he has to con

Determination of risk assessment policy, Determination  of risk  assessment...

Determination  of risk  assessment  policy  should  be  included  as  a specific  component  of  risk management Risk assessment policy  sets the guidelines for value judgments

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