New issues in financial services

Description

"The EC single market in financial services is generating major structural changes in the industry. This market is underpinned by a single 'passport' for providers of services, who are subject to EC-wide minimum supervisory standards. The aim of this financial services programme - unprecedented in scale - is to create a competitive and innovative financial market while, at the same time, maintaining the overall stability of the system. These developments are taking place against the backdrop of the process, well underway, leading to Economic and Monetary Union (EMU) in the EC before the end of the decade." "New Issues in Financial Services addresses the key issues - some as yet unresolved - confronting the industry, as well as policy makers, as it faces up to these challenges. It provides, for market professionals as well as for students, an up-to-date guide to the complex and rapidly evolving field of European financial services." "Expert contributors provide individual chapters on: institutional and theoretical developments in banking and insurance markets; capital adequacy and the management of risk; and emerging central banking and supervisory arrangements." "It is essential reading for professionals, students and all with an interest in the financial superstructure on which the European economy rests."--BOOK JACKET.