Brookings-Wharton Papers on Financial Services 2003

by Litan, Robert E.; Herring, Richard

• ISBN13: 9780815710233
• ISBN10: 0815710232
• Format: Paperback
• Copyright: 2003-08-01
• Publisher: Brookings Inst Pr

Summary

The sixth in a series of annual volumes on the financial sector from the Brookings Institution and the Wharton School at the University of Pennsylvania focuses on financial conglomerates: strategies used, associated risks, strategic positioning, appropriate disclosure, and how best to regulate them.Contributors include Arnoud Boot, Stijn Claessens, Jeroen J. M. Kremers, Andrew Kuritzkes, Arnold Schilder, Dirk Schoenmaker, Til Schuermann, Peter Swire, Iman van Lelyveld, Ingo Walter, Scott M. Weiner, Lawrence White, and Peter J. Wierts.

Author Biography

Arnoud Boot, Universiteit van Amsterdam and Centre for Economic Policy Research Stijn Claessens, Universiteit van Amsterdam Jeroen J. M. Kremers, Ministry of Finance of the Netherlands Andrew Kuritzkes, Oliver, Wyman and Company Arnold Schilder, De Nederlandsche Bank Dirk Schoenmaker, Ministry of Finance of the Netherlands Til Schuermann, Federal Reserve Bank of New York and University of Pennsylvania Peter Swire, Ohio State University Law School Iman van Lelyveld, De Nederlandsche Bank Ingo Walter, New York University Scott M. Weiner, Alliance Capital Lawrence White, New York University Peter J. Wierts, Ministry of Finance of the Netherlands Robert E. Litan is vice president and director of the Economic Studies program at the Brookings Institution, where he holds the Cabot Family Chair in Economies Richard Herring is director of the Joseph H. Lauder Institute of Management and International Studies and codirector of the Wharton Financial Institutions Center at the University of Pennsylvania

Table of Contents

Editors' Summary	vii
Strategies in Financial Services, the Shareholders, and the System: Is Bigger and Broader Better?	1	(36)
INGO WALTER
Consolidation and Strategic Positioning in Banking with Implications for Europe	37	(48)
ARNOUD W.A. BOOT
Benefits and Costs of Integrated Financial Services Provision in Developing Countries	85	(56)
STIJN CLAESSENS
Risk Measurement, Risk Management, and Capital Adequacy in Financial Conglomerates	141	(54)
ANDREW KURITZKES, TIL SCHUERMANN, AND SCOTT M. WEINEB
Risk in Financial Conglomerates: Management and Supervision	195	(30)
IMAN VAN LELYVELD AND ARNOLD SCHILDER
Cross-Sector Supervision: Which Model?	225	(20)
JEROEN J.M. KREMERS, DIRK SCHOENMAKER, AND PETER J. WIERTS
What Constitutes Appropriate Disclosure for a Financial Conglomerate?	245	(28)
LAWRENCE J. WHITE
Efficient Confidentiality for Privacy, Security, and Confidential Business Information	273
PETER P. SWIRE