#Conglomerates #face #higher #risks #banks #ECBs #Tuominen
Shocks might materialise more intensely for conglomerates offering multiple kinds of financial services than for those that only carry out banking activities, a member of the European Central Bank’s supervisory board has said.
In a speech to the Pan-European Conglomerate Club in Helsinki today (June 5), Anneli Tuominen outlined how financial conglomerates – firms combining banking, insurance and sometimes investment services under one roof – faced different risks than banks “on account of their
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Financial Stability – centralbanking.com
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