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

Determine a process for communicating, Determine a process for communicatin...

Determine a process for communicating, resourcing and managing risk management strategies Establish a communication plan to implement the risk management framework that has been

List principles of sensible risk management, Question 1: (a) List ten p...

Question 1: (a) List ten principles of sensible risk management. (b) There is a legal duty for employers to prevent ill-health which can be caused by work. Describe the step

Finance question, Suppose you are running an international business and are...

Suppose you are running an international business and are concerned about converting foreign currencies (the Euro in particular) back into U.S. dollars in September. A) What po

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

Explain what is meant by the term single sign-on, Question: (a) Explain...

Question: (a) Explain what is meant by the term Single sign-on in the context of access control? Give three examples of single sign-on technologies. (b) Describe how the Ker

Risk management decisions should be transparent, Risk management decisions ...

Risk management decisions and practices should be transparent Risk management should include the identification and systematic documentation of all elements of the risk managem

Show security market line, Q. Show Security market line? The CML repres...

Q. Show Security market line? The CML represent the equilibrium relation between the expected return and standard for efficient portfolio. But it does not indicate how individu

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

Decisions in sales promotion, the importance of determining the policy on y...

the importance of determining the policy on your image?

How to gather and manipulate the data, Step 1: Stock Data: Choose four stoc...

Step 1: Stock Data: Choose four stocks, 2from the Dow Jones Industrial Average (DJIA 30) and 2other stocks of your choice.Download, import, or copy and paste the monthly price info

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