Creating the Future with All Finance and Financial Conglomerates

Creating the Future with All Finance and Financial Conglomerates

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Creating the Future with All Finance and Financial Conglomerates comprises an academic search for an understanding of all finance and financial conglomerates. It presents a strategic and economic analysis of diversification strategies and the growing interface between different types of financial firms. On the basis of a solid analysis of theoretical foundations and practical value, the book develops basic concepts of creating the future: especially solutions in managing risks and fresh ideas for the development of integrated financial services.
The structure of the book is logical: starting on theoretical foundations (section 1, part A) and examining the economic value of All Finance and Financial Conglomerates (part B), leads to creating a concept for the future (part C). Case studies add additional practical value to this research. The review of the subject is completed by aspects of risk management in this sector and by political guidelines for the EU single market (section 2).
The book builds further on Professor Van den Berghe's first publication, entitled Financial Conglomerates - New Rules for New Players (published by Kluwer Academic Publishers in October 1995) and broadens the scope in the direction of strategic and managerial aspects. The following five aspects underline the innovativeness of the material:

The volume is not only focused on the diversification of banks via `bancassurance', but also analyses in depth the parallel developments in the insurance market, whereby insurers and insurance intermediaries launch themselves in the direction of `assurfinance';
The material analyses not only the cross-selling of each other's products and the blurring of the market boundaries, but also the diversification, collaboration, and integration on all other levels and functions;
New conceptual tools (the financial conglomerates control board) are developed to provide a more in-depth comparison of the many cases of this international trend;
The book goes far beyond the categorisation of the mode of diversification, by looking at all managerial aspects of such a growth strategy; and
The work looks at the economic and legal aspects involved as well as at the more strategic and managerial aspects.

This research has been made possible thanks to the financial support of The LEVOB Foundation.
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Product details

  • Hardback | 223 pages
  • 162.6 x 233.7 x 20.3mm | 453.6g
  • Dordrecht, Netherlands
  • English
  • 1998th 1998 ed.
  • XII, 223 p.
  • 0792381831
  • 9780792381839

Table of contents

Introduction. Section 1: The Academic Search for an Understanding of All Finance and Financial Conglomerates: A Strategic and Economic Analysis Within the Financial Services Industry. Part A: The Theoretical Foundations. 1. Setting the Scenery. 2. From Bancassurance and Assurfinance Towards all Finance - the Concepts of Unbundling and Rebundling. 3. Looking for the Ratio Behind the Diversification Strategies. 4. The Financial Conglomerates Control Board. Part B: Testing the Economic Value of All Finance and Financial Conglomerates. 5. Comparative Analysis of Diversification Strategies with the Help of the Financial Conglomerates Control Board. 6. Research into the Overall Effect of the Diversification Strategies in the Financial Services Industry. Part C: Creating the Future with All Finance and Financial Conglomerates. 7. The Basic Concept of Creating the Future: What Strategic Concepts and Insights are Useful or Even Necessary? 8. Case Studies of Stretch and Leverage. Section 2: Managing the Risks Involved: Regulatory Issues and Solutions. 9. Managing the Risks Involved: Regulatory Issues and Solutions. 10. Managing the Risks Involved: Regulatory Issues and Solutions. Section 3: Synthesis and Conclusions. 11. Synthesis and Conclusions. References. Index.
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Review quote

`...this is an interesting and informative book. It approaches this complex topic from an academic perspective rather than presenting a passionate viewpoint from someone inside either sector, and it suggests the F.C.C.B. as a helpful analytic tool. The book also contains some interesting observations about the financial services sector that many not always readily come to mind.'
The Journal of Risk and Insurance, March 2001
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