NationMaster - Encyclopedia: Conglomerates

A large company; see conglomerate (company).
In geology a rock consisting of other stones that have been cemented together; see conglomerate (geology).
In computing an XML editor for GNOME; see Conglomerate XML editor.

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NationMaster - Encyclopedia: Conglomerates (343 words)
	The Financial Conglomerates Directive will enhance the prudential soundness and effective supervision of financial conglomerates; will promote convergence in national supervisory approaches, and between sectors; will enhance financial stability and is a significant improvement in the protection of depositors, insurance policy holders and investors.
	In banking, for instance, local conglomerates, in effect, held depositors captive until recently, but they are now confronting the likes of Citibank and HSBC, who have global back offices and lower costs of capital.
	Conglomeration across financial sectors, especially between insurance and banking is definitely an opportunity, but is can also be a risk for the stability of the financial system.

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