The UBS- Credit Suisse (CS) merger in March 2023, one of the biggest banking unions in history, was an emergency rescue deal engineered by Swiss authorities to avoid more market-shaking turmoil in global banking. The merger resulted in a significant increase in the combined stakeholder net...

We develop a conceptual framework to understand the incentive structure and pricing mechanisms of Sustainability-Linked-Bonds (SLBs). The model allows us to characterize the conditions under which an SLB is incentive compatible for a firm. We further derive a novel measure which identifies the...

DeFi Security -- NFT Security -- DAO Security -- Crypto Asset Exchange Security -- CBDC Security -- Web3 and Ransomware Attacks -- Web3 and Supply Chain Risks -- Web3 and AI Security -- Web3 and Quantum Attacks -- Privacy-Preserving Computation and Web3 -- Summary and Future Trends.

This paper investigates the effects of the issuance of retail products with non-linear payoffs on option prices. For a given underlying asset, when the outstanding volume of products embedding a short-put position increases, implied volatility at the corresponding strike decreases. A similar...