Record Nr.

UNINA9910783442503321

Autore

Ulst Ingrid

Titolo

Linkages of financial groups in the European Union : financial conglomeration developments in the old and new member states / / Ingrid Ulst

Pubbl/distr/stampa


Budapest, Hungary ; ; New York, N.Y., : Central European University Press, c2005

ISBN

615-5053-66-9

1-281-37674-4

9786611376741

1-4237-1751-1

Descrizione fisica

1 online resource (145 p.)

Disciplina

332.1/094

Soggetti

Financial services industry

Conglomerate corporations

European Union countries

Lingua di pubblicazione

Inglese

Formato

Materiale a stampa

Livello bibliografico

Monografia

Note generali

Bibliographic Level Mode of Issuance: Monograph

Nota di bibliografia

Includes bibliographical references (p. [125]-128) and index.

Nota di contenuto

Frontmatter -- Table of Contents -- List of Tables -- List of Graphs -- Introduction -- Chapter 1 Financial Conglomeration: Economic and Legal Aspects -- Chapter 2 Financial Conglomerates in the European Union -- Chapter 3 Financial Conglomerates of the European Union in the New Member States -- Conclusion -- Abbreviations -- References -- Sources of Research Data -- Index

Sommario/riassunto

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 institutions 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. Most of the large groups combining banking and insurance activities groups among the former member states of the European Union are often linked to the largest such institutions in the new member states, having created the linkages mainly through Merger & Acquisition Activities; with

greater accent on the banking sector and lesser connections on insurance side. Financial conglomeration linkages between the EU-15 and the new member states highlight investment attractiveness of the new members, with the appeal of new markets that allow the presence of more participants. Both institution-specific and country-specific factors play role in conglomeration across the new member states.