Skryté souvislosti nových přístupů k regulaci finančních sektorů
| Title in English | New Approaches to the Regulation of Financial Sectors |
|---|---|
| Authors | |
| Year of publication | 2006 |
| Type | Article in Proceedings |
| Conference | Evropské finanční systémy 2006. Brno: Masarykova univerzita, 2006. 349 s. ISBN 80-210-4018-1. |
| Citation | |
| Field | Management and administrative |
| Keywords | bank, insurance company, financial sector |
| Description | Financial markets are experiencing substantional changes, including liberalization of capital markets and capital flows, globalization of firms, globalization of markets, development of financial innovations (such as derivatives and securitization). These changes required financial authorities to formulate principles of regulation based on risk management. In banking sector, this new approach is called Basel II, and in insurance industry Solvency II. Both concepts are similarly based on regulation considering management of risks of financial institutions and financial markets. The concept of Basel II is several years in advance of Solvency II. This article compares Basel II and Solvency II and their application in the Czech financial markets. |