The Banco Esp rito Santo (BES) event covers issues associated with bank strategy, safety and soundness, the function of conglomerates, and problems associated with family control. This case looks at the global recession, which presided world over during 2007 09 from the context of Europe at that time alongside its efforts to create an individual banking market.
It exemplifies the lack of transparency inherent in conglomerates that have banks 'embedded' in them, the additional opacity associated with family control, the difficulties of tracking cross border risk vulnerabilities despite of the integration in funds across the EU marketsside by side with the markets withing Eurozone, and lastly, the interconnected structural risks.
Publication Date: 10/26/2015
This is just an excerpt. This case is about Finance
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