Ebook: Creating the Future with All Finance and Financial Conglomerates

Creating the Future with All Finance and Financial Conglomerates comprises an academic search for an understanding of all finance and financial conglomerates. It presents a strategic and economic analysis of diversification strategies and the growing interface between different types of financial firms. On the basis of a solid analysis of theoretical foundations and practical value, the book develops basic concepts of creating the future: especially solutions in managing risks and fresh ideas for the development of integrated financial services.
The structure of the book is logical: starting on theoretical foundations (section 1, part A) and examining the economic value of All Finance and Financial Conglomerates (part B), leads to creating a concept for the future (part C). Case studies add additional practical value to this research. The review of the subject is completed by aspects of risk management in this sector and by political guidelines for the EU single market (section 2).
The book builds further on Professor Van den Berghe's first publication, entitled Financial Conglomerates - New Rules forNew Players (published by Kluwer Academic Publishers in October 1995) and broadens the scope in the direction of strategic and managerial aspects. The following five aspects underline the innovativeness of the material:

• The volume is not only focused on the diversification of banks via `bancassurance', but also analyses in depth the parallel developments in the insurance market, whereby insurers and insurance intermediaries launch themselves in the direction of `assurfinance';
• The material analyses not only the cross-selling of each other's products and the blurring of the market boundaries, but also the diversification, collaboration, and integration on all other levels and functions;
• New conceptual tools (the financial conglomerates control board) are developed to provide a more in-depth comparison of the many cases of this international trend;
• The book goes far beyond the categorisation of the mode of diversification, by looking at all managerial aspects of such a growth strategy; and
• The work looks at the economic and legal aspects involved as well as at the more strategic and managerial aspects.

This research has been made possible thanks to the financial support of The LEVOB Foundation.

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Creating the Future with All Finance and Financial Conglomerates comprises an academic search for an understanding of all finance and financial conglomerates. It presents a strategic and economic analysis of diversification strategies and the growing interface between different types of financial firms. On the basis of a solid analysis of theoretical foundations and practical value, the book develops basic concepts of creating the future: especially solutions in managing risks and fresh ideas for the development of integrated financial services.
The structure of the book is logical: starting on theoretical foundations (section 1, part A) and examining the economic value of All Finance and Financial Conglomerates (part B), leads to creating a concept for the future (part C). Case studies add additional practical value to this research. The review of the subject is completed by aspects of risk management in this sector and by political guidelines for the EU single market (section 2).
The book builds further on Professor Van den Berghe's first publication, entitled Financial Conglomerates - New Rules forNew Players (published by Kluwer Academic Publishers in October 1995) and broadens the scope in the direction of strategic and managerial aspects. The following five aspects underline the innovativeness of the material:

• The volume is not only focused on the diversification of banks via `bancassurance', but also analyses in depth the parallel developments in the insurance market, whereby insurers and insurance intermediaries launch themselves in the direction of `assurfinance';
• The material analyses not only the cross-selling of each other's products and the blurring of the market boundaries, but also the diversification, collaboration, and integration on all other levels and functions;
• New conceptual tools (the financial conglomerates control board) are developed to provide a more in-depth comparison of the many cases of this international trend;
• The book goes far beyond the categorisation of the mode of diversification, by looking at all managerial aspects of such a growth strategy; and
• The work looks at the economic and legal aspects involved as well as at the more strategic and managerial aspects.

This research has been made possible thanks to the financial support of The LEVOB Foundation.

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Creating the Future with All Finance and Financial Conglomerates comprises an academic search for an understanding of all finance and financial conglomerates. It presents a strategic and economic analysis of diversification strategies and the growing interface between different types of financial firms. On the basis of a solid analysis of theoretical foundations and practical value, the book develops basic concepts of creating the future: especially solutions in managing risks and fresh ideas for the development of integrated financial services.
The structure of the book is logical: starting on theoretical foundations (section 1, part A) and examining the economic value of All Finance and Financial Conglomerates (part B), leads to creating a concept for the future (part C). Case studies add additional practical value to this research. The review of the subject is completed by aspects of risk management in this sector and by political guidelines for the EU single market (section 2).
The book builds further on Professor Van den Berghe's first publication, entitled Financial Conglomerates - New Rules forNew Players (published by Kluwer Academic Publishers in October 1995) and broadens the scope in the direction of strategic and managerial aspects. The following five aspects underline the innovativeness of the material:

• The volume is not only focused on the diversification of banks via `bancassurance', but also analyses in depth the parallel developments in the insurance market, whereby insurers and insurance intermediaries launch themselves in the direction of `assurfinance';
• The material analyses not only the cross-selling of each other's products and the blurring of the market boundaries, but also the diversification, collaboration, and integration on all other levels and functions;
• New conceptual tools (the financial conglomerates control board) are developed to provide a more in-depth comparison of the many cases of this international trend;
• The book goes far beyond the categorisation of the mode of diversification, by looking at all managerial aspects of such a growth strategy; and
• The work looks at the economic and legal aspects involved as well as at the more strategic and managerial aspects.

This research has been made possible thanks to the financial support of The LEVOB Foundation.
Content:
Front Matter....Pages i-xii
Front Matter....Pages 1-1
Setting the Scenery....Pages 5-12
From Bancassurance and Assurfinance Towards All Finance — The Concepts of Unbundling and Rebundling....Pages 13-34
Looking for the Ratio Behind the Diversification Strategies....Pages 35-60
The Financial Conglomerates Control Board....Pages 61-80
Comparative Analysis of Diversification Strategies with the Help of the Financial Conglomerates Control Board....Pages 83-99
Research into the Overall Effect of the Diversification Strategies in the Financial Services Industry....Pages 100-124
Research into the Overall Effect of the Diversification Strategies in the Financial Services Industry....Pages 100-124
The Basic Concept of Creating the Future: What Strategic Concepts and Insights are Useful or Even Necessary?....Pages 127-137
Case Studies of Stretch and Leverage....Pages 138-157
Front Matter....Pages 159-159
The Main Risks and Policy Considerations....Pages 161-174
Towards a Proposal for a European Directive on Financial Conglomerates....Pages 175-193
Front Matter....Pages 195-195
Synthesis and Conclusions....Pages 197-208
Back Matter....Pages 209-223

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Creating the Future with All Finance and Financial Conglomerates comprises an academic search for an understanding of all finance and financial conglomerates. It presents a strategic and economic analysis of diversification strategies and the growing interface between different types of financial firms. On the basis of a solid analysis of theoretical foundations and practical value, the book develops basic concepts of creating the future: especially solutions in managing risks and fresh ideas for the development of integrated financial services.
The structure of the book is logical: starting on theoretical foundations (section 1, part A) and examining the economic value of All Finance and Financial Conglomerates (part B), leads to creating a concept for the future (part C). Case studies add additional practical value to this research. The review of the subject is completed by aspects of risk management in this sector and by political guidelines for the EU single market (section 2).
The book builds further on Professor Van den Berghe's first publication, entitled Financial Conglomerates - New Rules forNew Players (published by Kluwer Academic Publishers in October 1995) and broadens the scope in the direction of strategic and managerial aspects. The following five aspects underline the innovativeness of the material:

• The volume is not only focused on the diversification of banks via `bancassurance', but also analyses in depth the parallel developments in the insurance market, whereby insurers and insurance intermediaries launch themselves in the direction of `assurfinance';
• The material analyses not only the cross-selling of each other's products and the blurring of the market boundaries, but also the diversification, collaboration, and integration on all other levels and functions;
• New conceptual tools (the financial conglomerates control board) are developed to provide a more in-depth comparison of the many cases of this international trend;
• The book goes far beyond the categorisation of the mode of diversification, by looking at all managerial aspects of such a growth strategy; and
• The work looks at the economic and legal aspects involved as well as at the more strategic and managerial aspects.

This research has been made possible thanks to the financial support of The LEVOB Foundation.
Content:
Front Matter....Pages i-xii
Front Matter....Pages 1-1
Setting the Scenery....Pages 5-12
From Bancassurance and Assurfinance Towards All Finance — The Concepts of Unbundling and Rebundling....Pages 13-34
Looking for the Ratio Behind the Diversification Strategies....Pages 35-60
The Financial Conglomerates Control Board....Pages 61-80
Comparative Analysis of Diversification Strategies with the Help of the Financial Conglomerates Control Board....Pages 83-99
Research into the Overall Effect of the Diversification Strategies in the Financial Services Industry....Pages 100-124
Research into the Overall Effect of the Diversification Strategies in the Financial Services Industry....Pages 100-124
The Basic Concept of Creating the Future: What Strategic Concepts and Insights are Useful or Even Necessary?....Pages 127-137
Case Studies of Stretch and Leverage....Pages 138-157
Front Matter....Pages 159-159
The Main Risks and Policy Considerations....Pages 161-174
Towards a Proposal for a European Directive on Financial Conglomerates....Pages 175-193
Front Matter....Pages 195-195
Synthesis and Conclusions....Pages 197-208
Back Matter....Pages 209-223
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