10. For the purposes of this paper, heterogeneous financial conglomerates are conglomerates whose primary business is financial, whose regulated entities engage to a significant extent in at least two of the activities of banking, insurance and securities business, and which are not subject to uniform capital adequacy requirements.

11. Group-wide basis is a term employed to indicate that the entire group, including the parent and all its regulated and unregulated entities, are being considered.

12. Capital and regulatory capital are used interchangeably to mean the aggregate amount of elements eligible for inclusion in the regulatory definition of capital.

13. Regulatory capital requirement is the minimum amount of regulatory capital required by a supervisor, which if not maintained will usually permit or require supervisory intervention.