BIS's Knight on insurance and banking worlds

In the speech 'Meeting worlds? Insurance and banking' given on 2 June, Malcolm Knight of the BIS discusses how the worlds of banking and insurance are moving closer together, a process triggered by financial liberalisation and financial innovations.

"Financial liberalisation and financial innovations have drawn the worlds of banking and insurance closer together, by desegmenting the financial industry and by spurring competition. As a result, practitioners and policymakers have faced similar

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