Study Of The German All-around Financial Issues

The Allfinanz is regarded as a developing financial system today in Germany, emerging from the basis traditionally characterized by the universal bank system step by step since 1983. Th e thesis makes a complete and deep study on Germany's Allfinanz from both dynamic and static perspective, when the idea of Functional Coup ling in New Institutional Economy is used for reference and the analytical logic of systematics combined with. The Allfinanz in Germany, in fact, signifies crossing and/or integration of the banking sector and insurance sector in the area of their products ' functions and institutional services. It should jointly result from many factors, i.e. rapid expansion of personal assets among German inhabitants and their sharply rising demands for pension security in private hands as well as their value change, const ruction of European interior market and deregulation, tax policy incentives by the Federal and enterprises' impulse to diversification. The Theory on Functional Three - Level - Concept for Products illustrates the integration of products' functions mainly by c ombining institutional services. To that end, the diversification theory and its variation are theoretical grounds for this research on Germany's Allfinanz, while the Customers Preferences Comparison Model creates a unique aspect for argumentation. Due to the regulation through a series of laws and other obligations relevant to the banking and insurance sector, Germany's financial institutions possess two alternatives, cooperation or concerning, to bring Allfinanz into effect. Looking into and setting up ev ery corresponding segment of strategic management, the thesis points out the advantages of the cooperation over the concerning way, if we avail ourselves of the synergy effects as evaluation standards. Put all the strong points of the both alternatives tog ether, the best organization type for carrying out Allfinanz with a group would fall on the management holding company, where an internal dividing structure presents itself 。 The Allfinanz, unlike universal bank, does not merely mean the mixture 6 of commercial banking and investment ban...