A Critical Legal Study of the Ideology Behind Solvency II (Economic and Financial Law & Policy – Shifting Insights & Values Book 4)

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. Front Matter ....Pages i-xii General Introduction (Kristina Loguinova)....Pages 1-15 Front Matter ....Pages 17-17 Introduction to Part I (Kristina Loguinova)....Pages 19-24 The Research Approach: CLS (Kristina Loguinova)....Pages 25-208 The Research Method: Law Reform Design (Kristina Loguinova)....Pages 209-216 Self-criticism (Kristina Loguinova)....Pages 217-220 Concluding Summary of Part I with a Schematic Representative Structure of Chaotic Reality (Kristina Loguinova)....Pages 221-224 Front Matter ....Pages 225-225 Introduction to Part II (Kristina Loguinova)....Pages 227-229 A Prelude to Solvency II (Kristina Loguinova)....Pages 231-298 Ideology of the Form: Solvency II Versus Solvency I and Basel II (Kristina Loguinova)....Pages 299-312 Ideology of the Substance: Solvency II Versus Solvency I and Basel II (Kristina Loguinova)....Pages 313-374 Concluding Summary of Part II (Kristina Loguinova)....Pages 375-377 General Conclusion (Kristina Loguinova)....Pages 379-384 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. -- Provided by publisher "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."--Back cover