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On 3 December EY hosted a SUERF conference on banking reform with Sir Howard Davies, the Chairman of RBS, and Dame Colette Bowe, the Chairman of the Banking Standards Board, as the two keynote speakers. Professor David Miles (Imperial College) gave the SUERF 2015 Annual Lecture on Capital and...
Persistent link: https://www.econbiz.de/10011554963
This study explores the effect of regulatory governance on financial stability using cross-sectional data from 55 countries. The findings show that regulatory governance and various subcomponents of regulatory governance are positively correlated with financial stability in the selected...
Persistent link: https://www.econbiz.de/10012806000
or during the previous recession. However, no life insurer in the sample belonging to a life insurance holding company … contrast, life insurance entities with poor and deteriorating performance but with no access to TARP funds received a smaller …
Persistent link: https://www.econbiz.de/10012963008
, investment firms, insurance companies, and financial market infrastructures. Against the backdrop of a growing body of …
Persistent link: https://www.econbiz.de/10012891284
We develop a new method of assessing conditional conservatism using more detailed data available from the insurance …-liability (P&L) insurance companies. We also investigate how a change to accounting rules affects conditional conservatism. The P …&L insurance industry is a perfect setting for studying accruals because we have specific and detailed firm-year level information …
Persistent link: https://www.econbiz.de/10012826769
or during the previous recession. However, no life insurer in the sample belonging to a life insurance holding company … contrast, life insurance entities with poor and deteriorating performance but with no access to TARP funds received a smaller …
Persistent link: https://www.econbiz.de/10011602485
European legislation for the prudential regulation of insurance and reinsurance sector has existed since the 1970s … represents a crucial modernization of European insurance regulation. Each of these regimes prescribes its own rules for the …
Persistent link: https://www.econbiz.de/10011937423
Global financial regulators are currently reflecting on the nature of the insurance business. Specifically, they are … trying to classify insurance into "traditional" and "non-traditional" activities, and to distinguish them from "non-insurance … international finance is "what is insurance and where does insurance end?" This paper aims to elaborate on the economics of …
Persistent link: https://www.econbiz.de/10010479958
The effect of federal insurance regulation has been a perennial topic of debate. Proponents have argued that federal … both insurance companies and policyholders due to federal regulators' inability to meet the diverse needs of policyholders …. We investigate investor perceptions of the net effect of potential federal regulation in the U.S. insurance industry by …
Persistent link: https://www.econbiz.de/10013103292
This paper provides the first cross-country study on the impact of regulations on the soundness of insurance firms …, using data on over 1,700 insurance firms operating in 46 countries. We find that the power of the supervisory authorities …
Persistent link: https://www.econbiz.de/10013038868