A large literature studies bank regulatory policies intendedto control moral hazard problems associated with … depositinsurance and optimal regulatory design. Much of theanalysis has focused on uniform bank capital requirements,risk-based capital ….All formal analyses employ highly simplifiedtreatments of an individual bank or banking system. Thisstudy is concerned with the …

),1 which leads to “fire-sale”–related pecuniaryexternalities; and bank interconnectedness (Allen and Gale2000; Kahn and Santos …

This morning, I would like to give a few practical commentson capital adequacy from an insurance companyperspective. In … doing so, I will present two views on capitaladequacy and capital allocation in the insurance industry.The first view is the … those requirements,and the relationship between regulatory capital amountsand the actual risks facing insurance companies …

provider of mutual insurance in the late 19th century, the friendly societies. These theories share common implications with …

order to illuminate current debates about pension‘reform’. Much of the present discussion depicts social insurance ‘crisis …) nature of crisesthat have plagued social insurance regimes in both countries. It also identifies what may belearnt from …

likely implications of the reformsfor pensioner poverty, income security in old age, economic growth, theNational Insurance … improved provisionthrough National Insurance Contributions will mean that the burden ofpaying for the new scheme will be …

,securities and insurance supervision should be further integrated; (ii) the macroprudential supervisory function must be in the hands … of the central bank; (iii) therelation between macro and micro supervisors must be articulated through amanagement by …

regulatory commissions be directly elected. Insurance regulation has a similar structure with several states also electing their … insurance commissioners.[...] …