金融サービス業のグループ化
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- かんじ しもかさ
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3 financial conglomerate
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6 Gramm-Leach-Bliley Act
7 Joint Forum Joint Forum Joint Forum Joint Forum Joint Forum Tripartite Group of Bank, Securities and Insurance Regulators The Supervision of Financial Conglomerates Joint Forum on Financial Conglomerates Supervision of Financial Conglomerates Joint Forum
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21 bancassurance bankassurance Allfinanz European Central Bank European Central Bank
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23 Rabobank Rabobank
24 tying arrangement
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26 Joint Forum probity competence fit and proper tests
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28 reputation regulatory arbitrage
29 Joint Forum economic capital
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31 Joint Forum
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33 opt-out
34 disseminationprocessing opt-in opt-in
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37 Joint Forum The Joint Forum2001a
38 Memorandums of Understanding
39 Solvency
40 source of strength doctrine
41 net capital requirement risk based capital requirement
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45 Joint Forum
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55 Joint Forum Joint Forum Joint Forum 2003 VAR VAR Joint Forum economic capital method
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57 EU EU 25 * BHC FRB 52 section BHC BHC 25 * section BHC BHC GLB 5 FRB section
58 BHC BHC 25 section BHC ActEU EU 2000/12/EC
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65 EU JV EU 2050 EU 1.5
66 Japan Research Review
67 Akhavein, Jalal D., Allen N. Berger and David B. Humphrey, The Effects of Megamergers on Efficiency and Prices: Evidence from a Bank Profit Function, Review of Industrial Organization 12, 1997, Beck, Thorsten, Asli Demirgüç-Kunt and Ross E. Levine, Bank Concentration and Crises, World Bank Policy Research Paper No. 3341, August 2003 Berger, Allen N., Gerald A. Hanweck and David B. Humphrey, Competitive Viability in Banking Scale, Scope, and Product Mix Economies, Journal of Monetary Economics Vol. 20, 1987, Berger, Allen N., Rebecca Demsetz and Phillip E. Strahan, The Consolidation of the Financial Services Industry: Causes, Consequence, and Implications for the Future, Journal of Banking and Finance 23, 1999 Berger, Allen. N. et al, The Integration of the Financial Service Industry: Where are the Efficiencies?, Working Paper, 2000, Bank Concentration and Competition: An Evolution in the Making, Journal of Money, Credit, and Banking Vol. 36, No. 3, 2004, Boyd, John H., and Stanley L. Graham, The Profitability and Risk Effects of Allowing Bank Holding Companies to Merge with Other Financial Firms: A Simulation Study, Quarterly Review Vol. 12, No. 2, Spring, Federal Reserve Bank of Minneapolis, 1988, 3-20 Boyd, John H., Stanley L. Graham, and R. Shawn Hewitt, Bank Holding Company Mergers with Nonbank Financial Firms: Effects on the Risk of Failure, Journal of Banking and Finance, Vol. 17, February 1993, Bank for International Settlements, Committee on the Global Financial System, Foreign Direct Investment in the Financial Sector of Emerging Market Economies, 2004 Corrigan,E.Gerald, Financial Market Structure:A Longer View, Seventy-second Annual Report, Federal Reserve Bank of New York,1986, 3-54 Cumming, C.M. and B.J. Hirtle, The Challenges of Risk Management in Diversified Financial Companies, Federal Reserve Bank of New York Economic Policy Review, March 2001, 1-17 DeLong, Gayle L., Stockholder Gains from Focusing Versus Diversifying Bank Mergers, Journal of Financial Economics 59, 2001, Demirguc-Kunt, Asli, Luc A. Laeven and Ross E. Levine, Regulations, Market Structure, Institutions and the Cost of Financial Intermediation, NBER Working Paper No. 9890, July 2003 European Central Bank, Financial Stability Review 2004, a, The Supervision of Mixed Financial Services Groups in Europe, ECB Occasional Paper No.20, August b
68 Estrella, Arturo, Mixing and Matching: Perspective Financial Sector Mergers and Market Valuation, Journal of Banking & Finance, 2001 England, Robert Stowe, Selling the One-Stop Shop Banking Strategie, March/April 1999 Edwards, Franklin R. and Frederic S. Mishkin, The Decline of Traditional Banking: Implications for Financial Stability and Regulatory Policy, Federal Reserve Bank of New York Economic Policy Review, July 1995, Group of Ten, Consolidation in the Financial Sector, 2001 Henrard, Luc and Ruben Olieslagers, Risk Management of a Financial Conglomerate, Risk Management, March 2004, Society of Actuaries Jackson, Howell and Hal Scott, Evolving Trends in the Supervision of Financial Conglomerates: A Comparative Investigation of Responses to the Challenges of Cross-Sectoral Supervision in the United States, European Union, and United Kingdom, International Finance Seminar, Jensen, Michael C. and William H. Meckling, Theory of the Firm: Managerial Behavior, Agency Costs and Ownership Structure, Journal of Financial Economics 3, 1976, The Joint Forum on Financial Conglomerates, Supervision of Financial Conglomerates Capital Adequacy Principles Paper, February a, Supervision of Financial Conglomerates Fit and Proper Principles Paper, February b The Joint Forum, Risk Concentrations Principles, December c, Intra-Group Transactions and Exposures Principles, December d, Core Principles Cross-Sectoral Comparison, a, Risk Management Practices and Regulatory Capital Cross-Sectoral Comparison, November b, Trends in Integration and Aggregation, August 2003, Financial Disclosure in the Banking, Insurance and Securities Sectors: Issues and Analysis, May 2004, Outsourcing in Financial Services, February 2005 Kuritzkes, Andrew, Til Schuermann and Scott M. Weiner, Risk Measurement, Risk Management and Capital Adequacy in Financial Conglomerates, in Richard Herring and Robert E. Litan (eds.), Brookings-Wharton Papers on Financial Services:2003, Brookings Institution Press, 2003 Lown, Cara S. et al, The Changing Landscape of the Financial Services Industry: What Lies Ahead?, Federal Reserve Bank of New York Economic Policy Review, October 2000, Michael White s Bank Holding Company Insurance & Investment Fee Income Report-2002 Year-End Edition OECD,Financial Conglomerates, 1993 Panetta, Fabio and Dario Focarelli Are Mergers Beneficial to Consumers? Evidence from the Italian Market for Bank Deposits, The American Economic Review, Vol.93, No.4, September 2003, Pilloff, Steven J., Bank Merger Activity in the United States, , Board of Governors of the Federal Reserve System Staff Study 176, 2004.
69 Sapienza, Paola, The Effects of Banking Mergers on Loan Contracts, The Journal of Finance, Vol. 57, No. 1, Feb. 2002, Saunders, A. and Ingo Walter, Universal Banking in the United States: What Could We Gain? What Could We Lose?, Oxford University Press, 1994 Shaffer, Sherrill, Can Megamergers Improve Bank Efficiency?, Journal of Banking and Finance, Vol. 17, 1993, Spindt, Paul A. and Vefa Tarhan, Performance Economics Associated with Small and Medium Sized Bank Mergers, Journal of Banking and Finance, Vol. 17, 1993 Trainar, Philippe, Insurance and Financial Stability, Financial Stability Review, November 2004, Banque de France Tripartite Group of Bank, Securities and Insurance Regulators, The Supervision of Financial Conglomerates, July 1995 Walter, Ingo, Strategies in Financial Services, the Shareholders, and the System: Is Bigger and Broader Better?, in Richard Herring and Robert E. Litan (eds.), Brookings-Wharton Papers on Financial Services:2003, Brookings Institutions Press, 2003, 1-36 Wilmarth, Arthur E. Jr., How Should We Respond to the Growing Risks of Financial Conglomerates?, The George Washington University Law School, 2001., Controlling Systemic Risk in an Era of Financial Consolidation, a, The Transformation of the U.S. Financial Services Industry, : Competition, Consolidation, and Increased Risks, 2002 U. Ill. Rev. 215, b ABN AMRO Holding N.V. Annual Report 2003 Bank of America Annual Report 2003 BNP Paribas Annual Report 2003 Barclays PLC Annual Report 2003 Citigroup Annual Report 2003 Credit Agricole S.A. Annual Report 2003 Credit Suisse Group Annual Report 2003 Deutsche Bank Annual Review 2003 HSBC Holdings PLC Annual Report and Accounts 2003 HBOS PLC Annual Report and Accounts 2003 ING Group Annual Report 2003 J.P. Morgan Chase & Co. Annual Report 2003 Société Générale Group Annual Report 2003 The Royal Bank of Scotland Group Annual Report and Accounts 2003 UBS Handbook 2003/2004 UBS Annual Review 2003
金融コングロマリットと範囲の経済：収益面の分析（ ）
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アジアの資本移動の変化に関するクラスター分析 アジア域内の証券投資活性化に向けて
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