Catalog

	Table of Contents
p. 44 of 58 BACK | NEXT Purpose and Structure of the Toolkit Part One: Introduction and Overview Part Two: Preconditions and Infrastructure for Financial Sector Development Part Three: Financial Regulation and Supervision I. Financial Stability, Development and Institutional Design II. Financial Regulation: General Principles III. Financial Regulatory Structure IV. Banking Regulation V. Bank Insolvency and Depositor Protection VI. Securities and Derivatives Regulation VII. Insurance and Pensions Regulation VIII. Regulation of Financial Conglomerates A. International Standards B. Joint Forum Compendium of Principles C. Guidance and Recommendations Part Four: Regional Financial Integration Part Five: ADB's Intervention in the Financial Sector Bibliography Glossary and List of Abbreviations Acknowledgements

Financial Sector Legal and Regulatory Toolkit : Part Three: Financial Regulation and Supervision

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VIII. Regulation of Financial Conglomerates

Financial conglomerates, common throughout emerging market, transition, and developing as well as developed economies, present special concerns due to their conjunction of banking, securities, and insurance activities and the differing regulatory rationales for each. Such concerns, at the domestic, regional and international levels, have been brought dramatically to light in the context of the current global financial crisis. As a result, the G-20 has focused a great deal of attention on financial conglomerates, financial regulation thereof and regulatory structure generally at the domestic, regional and international levels, and mechanisms to address their failure.

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