This book analyzes the impact of Solvency II. In recent years, EU legislators have sought to introduce fundamental reforms. Whether these reforms were indeed fundamental is critically investigated with regard to a post-crisis piece of financial legislation affecting the EU’s largest institutional investors: Solvency II. The last financial and economic crisis, the worst financial catastrophe of the last decade, revealed that financial law in particular was not sufficiently mature to maintain the existence of a robust and trustworthy financial system that could protect society from economic decline. The work also makes concrete recommendations on achieving a more sustainable future. As such, it offers a valuable resource for anyone who is interested in the financial system, the EU’s political economy, insurance, sustainability, and Critical Legal Studies.
This book analyzes the impact of Solvency II. In recent years, EU legislators have sought to introduce fundamental reforms. Whether these reforms were indeed fundamental is critically investigated with regard to a post-crisis piece of financial legislation affecting the EU’s largest institutional investors: Solvency II. Namely, the last financial and economic crisis, the worst financial catastrophe of the last decade, revealed that financial law in particular was not sufficiently mature to maintain the existence of a robust and trust-worthy financial system that could protect society from economic decline. The work also makes concrete recommendations on achieving a more sustainable future. As such, it offers a valuable resource for anyone who is interested in the financial system, the EU political economy, insurance, sustainability, and Critical Legal Studies.
Presents a critical legal study of Solvency II in particular and EU financial law in general Illustrates how insights from a variety of disciplines can be combined to make a strong and original argument Combines a thorough legal philosophical analysis that can be used by other researchers and students with a technical legal analysis of Basel II and Solvency II
Kristina Loguinova
Solvency II Critical legal studies Ideology Institutional investment EU insurance law Corporate social responsibility Financial crisis Measurement of unmeasurable value Sustainability Basel standards european union politics