Regulation in the Financial Services Industry After the Crisis


The recent collapse of important participants in the capital markets has revealed a worrisome fragility of the international financial system. Issues related to supervision and corporate governance have often been deemed causes of the crisis. Such issues include procyclicality and similar phenomena due to regulatory rules, regulatory arbitrage, inappropriate accounting standards, lack of transparency, and inadequate management decisions, probably driven by wrong incentives. While insurance regulation has already been the subject of reforms in Europe (Solvency II, Swiss Solvency Test), the ongoing financial market crisis has focused even more attention on regulation in financial services, both among academics and practitioners. With this research project, our hope is to derive conclusions for a financial market architecture after the crisis, all with a special emphasis on insurance companies.

Additional Informationsunspecified
Commencement Date22 March 2010
Contributors Eling, Martin (Project Manager); Schmeiser, Hato (Project Manager); Rymaszewski, Przemyslaw (Project Worker) & Braun, Alexander (Project Worker)
Datestamp 16 Sep 2022 10:57
Completion Date 30 September 2012
Publications Braun, Alexander; Rymaszewski, Przemyslaw & Schmeiser, Hato (2011) A Traffic Light Approach to Solvency Measurement of Swiss Occupational Pension Funds. Geneva Papers on Risk and Insurance - Issues and Practice, 36 (2). 254-282. ISSN 1018-5895
Eling, Martin (2012) What Do We Know About Market Discipline in Insurance? Risk Management and Insurance Review, 15 (2). 185-223. ISSN 1098-1616
Keywords Financial Crisis, Financial Services Industry, Regulation
Methods Modeling, Empirical Research Methods
Funders SNF – Third Party
Partners Universität Ulm
Id 61216
Project Range HSG Internal
Project Status completed
Subjects business studies
Topics Financial Crisis, Financial Services Industry, Regulation
Project Type fundamental research project
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