, we elaborate the economic foundations of insurancemarket regulation. Based on three sources of market failure, we derive …, the economic justification for insurance market regulation needs to be evaluated in detail. …

regulation. However, with the more recentmovement toward a general single EU market, financial services regulation hastaken on … that, ultimately, will determinethe exact form of capital regulation. Our analysis leads us to conclude thatcaution is …

discipline. The extent to which market discipline can be relied upon for successful regulation depends on the strength of its …

Die Finanzkrise erschütterte die globale Wirtschaft. Traditionsreiche Finanzinstituteund ganze Volkswirtschaften … damit eine grosse Hypothek für die Zukunft geschaffen.Verschiedene Institutionen und Medien haben sich zur Finanzkrise … direktesten von der Krise betroffensind: die Konsumenten. Wie beurteilt der Bürger die aktuelle Finanzkrise, wieist er davon …