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 instituations 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.
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.
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; 188.8.131.52. Motives of Financial Institutions; 184.108.40.206. Driving Forces of Conglomeration; 220.127.116.11. 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