Editorial Reviews
Book Description
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.
About the Author
Ingrid Ulst is a graduate of J.W. Goethe Frankfurt University, Institute for Law and Finance (Germany). She has previously worked in commercial banking and Ministry of Finance of Estonia, and has interned at the European Central Bank. She currently works at the European Investment Bank. In October 2004 she received the research prize of the Estonian Academy of Sciences awarded to eminent young researchers.
Linkages of Financial Groups in the European Union: Financial Conglomeration Developments in the Old and New Member States,Ingrid Ulst,Central European University Press,963732612X,Business & Economics,Business / Economics / Finance,Business/Economics,Conglomerate corporations,European Union countries,Finance,Financial services industry,General,International - Economics,International Relations - General,EU & European institutions,EU (European Union),International finance
Book Details:
Recommended Books