Matches in SemOpenAlex for { <https://semopenalex.org/work/W3112500628> ?p ?o ?g. }
Showing items 1 to 71 of
71
with 100 items per page.
- W3112500628 abstract "This study describes the AIG model of operations prior to the conglomerate failure up to the point when the liquidity crisis triggered the massive bailout by the US government. It is a study designed to provide understanding of the key factors in the demise of AIG in relationship to systemic risks in insurance. The main contribution of this report is the delineation of the key internal factors from the external macro market and regulatory factors that contributed to the failure. We regard the latter as macro factors underpinning the foundation that propelled the activities of AIG Financial Products Unit (AIGFP). The study shows that if it were not for the “non-insurance” activities of the AIGFP under the AIG Holding Company, the averted collapse (with the bailout), in all likelihood, would have been avoided. The main key takeaways are: AIGFP was not an insurance company; AIGFP was not regulated by insurance regulations; AIGFP’s credit default swaps were the key factor to the AIG collapse. As global regulators look into indicators for Systemically Important Financial Institutions (SIFIs), the macro factors should be integrated into any newly created regulatory framework: 1. Use credit ratings with care and avoid exploitation of high ratings, 2. Be aware of banks’ capital being replaced by new opaque financial products, 3. Remove gaps in regulations and require transparency, 4. Forbid companies to select their own regulatory bodies, 5. Understand insurance vs. non-insurance or quasi-banking activities and products, and 6. Create clarity to delineate between the banking and insurance models. In brief, the key lesson is that when non-insurance or quasi-banking operations enter the insurance arena, expert insurance supervision is needed to close gaps in regulation." @default.
- W3112500628 created "2020-12-21" @default.
- W3112500628 creator A5060805298 @default.
- W3112500628 date "2011-01-01" @default.
- W3112500628 modified "2023-09-25" @default.
- W3112500628 title "An Analysis of the Aig Case - Understanding Systemic Risk and its Relation to Insurance" @default.
- W3112500628 doi "https://doi.org/10.2139/ssrn.1899047" @default.
- W3112500628 hasPublicationYear "2011" @default.
- W3112500628 type Work @default.
- W3112500628 sameAs 3112500628 @default.
- W3112500628 citedByCount "7" @default.
- W3112500628 countsByYear W31125006282013 @default.
- W3112500628 countsByYear W31125006282014 @default.
- W3112500628 countsByYear W31125006282015 @default.
- W3112500628 countsByYear W31125006282016 @default.
- W3112500628 countsByYear W31125006282019 @default.
- W3112500628 crossrefType "journal-article" @default.
- W3112500628 hasAuthorship W3112500628A5060805298 @default.
- W3112500628 hasConcept C10138342 @default.
- W3112500628 hasConcept C139719470 @default.
- W3112500628 hasConcept C144133560 @default.
- W3112500628 hasConcept C144587487 @default.
- W3112500628 hasConcept C162118730 @default.
- W3112500628 hasConcept C162324750 @default.
- W3112500628 hasConcept C178350159 @default.
- W3112500628 hasConcept C183582576 @default.
- W3112500628 hasConcept C2777817046 @default.
- W3112500628 hasConcept C2778300220 @default.
- W3112500628 hasConcept C2779775300 @default.
- W3112500628 hasConcept C2781251770 @default.
- W3112500628 hasConcept C30589699 @default.
- W3112500628 hasConceptScore W3112500628C10138342 @default.
- W3112500628 hasConceptScore W3112500628C139719470 @default.
- W3112500628 hasConceptScore W3112500628C144133560 @default.
- W3112500628 hasConceptScore W3112500628C144587487 @default.
- W3112500628 hasConceptScore W3112500628C162118730 @default.
- W3112500628 hasConceptScore W3112500628C162324750 @default.
- W3112500628 hasConceptScore W3112500628C178350159 @default.
- W3112500628 hasConceptScore W3112500628C183582576 @default.
- W3112500628 hasConceptScore W3112500628C2777817046 @default.
- W3112500628 hasConceptScore W3112500628C2778300220 @default.
- W3112500628 hasConceptScore W3112500628C2779775300 @default.
- W3112500628 hasConceptScore W3112500628C2781251770 @default.
- W3112500628 hasConceptScore W3112500628C30589699 @default.
- W3112500628 hasLocation W31125006281 @default.
- W3112500628 hasOpenAccess W3112500628 @default.
- W3112500628 hasPrimaryLocation W31125006281 @default.
- W3112500628 hasRelatedWork W1541518451 @default.
- W3112500628 hasRelatedWork W2047246669 @default.
- W3112500628 hasRelatedWork W2052144207 @default.
- W3112500628 hasRelatedWork W2072594403 @default.
- W3112500628 hasRelatedWork W2144839608 @default.
- W3112500628 hasRelatedWork W2159965825 @default.
- W3112500628 hasRelatedWork W2170017573 @default.
- W3112500628 hasRelatedWork W2477598419 @default.
- W3112500628 hasRelatedWork W2753850292 @default.
- W3112500628 hasRelatedWork W2762570342 @default.
- W3112500628 hasRelatedWork W2807555859 @default.
- W3112500628 hasRelatedWork W2811148277 @default.
- W3112500628 hasRelatedWork W3122343400 @default.
- W3112500628 hasRelatedWork W3122893960 @default.
- W3112500628 hasRelatedWork W3123572890 @default.
- W3112500628 hasRelatedWork W3124304634 @default.
- W3112500628 hasRelatedWork W3125885390 @default.
- W3112500628 hasRelatedWork W3143440059 @default.
- W3112500628 hasRelatedWork W3164692098 @default.
- W3112500628 hasRelatedWork W2781686989 @default.
- W3112500628 isParatext "false" @default.
- W3112500628 isRetracted "false" @default.
- W3112500628 magId "3112500628" @default.
- W3112500628 workType "article" @default.