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- W2230331385 abstract "Insurance regulation, often viewed as a dreary backwater by politicians and economists, is as critical as the banking sector in promoting financial stability, economic growth, and consumer protection. Life insurance and pension plans are almost as ubiquitous as mortgages. Their providers hold $50 trillion worth of assets worldwide. In the last chapter, I argued that financial stability is best achieved through a transfer of risk based on the different risk capacities between short-term funded institutions like banks and long-term funded institutions such as life insurers and pensioners. Banking and insurance stability are simply different sides of the same coin. To view them as two separate endeavors is a grave mistake. The regulation of both banking and insurance must be integrated from a systemic risk perspective." @default.
- W2230331385 created "2016-06-24" @default.
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- W2230331385 date "2015-01-01" @default.
- W2230331385 modified "2023-09-25" @default.
- W2230331385 title "Putting the New Framework to the Test" @default.
- W2230331385 doi "https://doi.org/10.1007/978-1-4302-4558-2_6" @default.
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