Subject category:
Finance, Accounting and Control
Published by:
INSEAD
Length: 26 pages
Data source: Published sources
Abstract
The Banco Espirito Santo (BES) case covers issues related to bank strategy, safety and soundness, the role of conglomerates, and problems related to family control. The setting is Europe, following the financial crisis of 2007-09, and its efforts to create a single banking market. It illustrates the lack of transparency inherent in conglomerates that have banks 'embedded' in them, the additional opacity associated with family control, the problems of tracking cross-border risk exposures even under market integration funds in the EU and the Eurozone, and the associated systemic risks.
Industry:
Other setting(s):
2014-2015
Subject category:
Finance, Accounting and Control
Published by:
INSEAD
Length: 25 pages
Data source: Published sources
About
Abstract
The Banco Espirito Santo (BES) case covers issues related to bank strategy, safety and soundness, the role of conglomerates, and problems related to family control. The setting is Europe, following the financial crisis of 2007-09, and its efforts to create a single banking market. It illustrates the lack of transparency inherent in conglomerates that have banks 'embedded' in them, the additional opacity associated with family control, the problems of tracking cross-border risk exposures even under market integration funds in the EU and the Eurozone, and the associated systemic risks.
Settings
Industry:
Other setting(s):
2014-2015
Related
Subject category:
Finance, Accounting and Control
Published by:
INSEAD
Length: 25 pages
Data source: Published sources