The Sovereign Supervision of Banks and Insurance Companies in Germany - Lesson to Be Taken from the International Financial Crisis

• Autorzy: Dirk Kaiser
• Języki publikacji: EN

Abstrakty

EN

The Summer of the year 2007 stands for the outburst of the US-American subprime mortgage loan crisis which almost instantaneously triggered severe international financial turbulences. As it seems, via interpolated assed-backed transactions, German banks have taken an above average portion of that subprime cake so that several of them were and still are severely hit by the financial turmoil. For instance, in the case of the bank 1KB, it was only political intervention that prevented the collapse of the institute. If it comes to German insurance companies, however, things look differently: Even though engaged (among other investments) in said US mortgage loans, no German insurance company has until now reported existential threats. This raises the question as to which fundamentally different supervisional approaches chosen by the government agency BAFIN for banking and insurance business, respectively, have explanatory force for the varying sensitivity of both types of financial intermediaries to external shocks. For a better understanding of the issue, the subsequent paper depicts the market structures of banking and insurance business as well as cornerstones of sovereign supervision of financial intermediaries in Germany. (original abstract)

Scharakteryzowano niemiecki rynek bankowości i ubezpieczeń. Zwrócono uwagę na kryzys w sektorze bankowości i ubezpieczeń oraz na rolę instytucji nadzorujących ten sektor.

Słowa kluczowe

EN

Banking; Insurance market; Bank supervision; Insurance supervision; Insurance company

PL

Bankowość; Rynek ubezpieczeniowy; Nadzór bankowy; Nadzór ubezpieczeniowy; Towarzystwa ubezpieczeniowe

• Czasopismo: Zeszyty Naukowe / Uniwersytet Ekonomiczny w Poznaniu
• Rocznik: 2009
• Numer: nr 127
• Strony: 62--69

Twórcy

autor

Dirk Kaiser

• Hochschule Bochum - University of Applied Sciences, Niemcy

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