Managing Risk and Capital in Financial Conglomerates
نویسنده
چکیده
* Group Treasurer, Colonial Limited. 1 The Tripartite Group of Banking, Securities and Insurance Regulators defined a financial conglomerate as “any group of companies under common control whose exclusive or predominant activities consist of providing significant services in at least two different financial sectors (banking, securities, insurance)” (see Tripartite Group of Banking, Securities and Insurance Regulators (1995)). 2 Colonial is regarded as the pioneer of the ‘allfinanz’ strategy in Australia. Allfinanz is a German expression describing an integrated financial services provider; the Colonial Group aims to provide its customers with a range of integrated financial services covering insurance, banking, stockbrokerage and funds management. 3 Refer to Thompson and Gray in this Volume for further discussion of the regulatory policy applied to financial conglomerates.
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