Publication details
Aspekty komparace regulatorních přístupů
| Title in English | Comparison of aspects of regulatory approaches |
|---|---|
| Authors | |
| Year of publication | 2010 |
| Type | Article in Proceedings |
| Conference | ČERVINEK, P. Evropské finanční systémy 2010. Sborník příspěvků z mezinárodní vědecké konference. Brno: Masarykova univerzita, 2010. 251 s. 1. ISBN 978-80-210-5182-9. |
| Citation | |
| Field | Management and administrative |
| Keywords | banking, insurance industry, supervisory authority |
| Description | To the process of liberalization, integration and globalization of financial markets, European institutions have responded by formulating regulatory approaches based on risk management, in banking called Basel II and in insurance industry called Solvency II. Both regulatory approaches are based on the same bases of regulation, they are based on risk management of financial institutions. The paper compared the approaches under Basel II for banking and Solvency II for insurance industry in the Czech and European financial markets and their implications for the management of banks and commercial insurance companies. Solvency II will introduce economic risk-based solvency requirements across all EU Member States. These new solvency requirements will be more risk-sensitive and more sophisticated than in the past, thus enabling a better coverage of the real risks run by any particular insurer. In the paper, partial results achieved in the frame of research program MSM 6215648904 are solved, in relation to goals and methodology of the given research aim. |