change and the economy; and (iii) further explore "compound risk" scenarios in which climate risks co-occur with other risks … typical bank loan maturities; (ii) incorporate banklending responses to climate risks; (iii) assess the adequacy of climate … risk pricing in financial markets; and (iv) better understand how market participants form climate risk expectations and …

Risikomanagement der operationellen Risiken dürfte in Zukunft ein entscheidender Wettbewerbsfaktor sein. Im Rahmen der Neuregelung der … bankaufsichtsrechtlichen Vorgaben gemäß Basel II werden sowohl eine Eigenkapitalunterlegung als auch qualitative Vorgaben zum Risikomanagement … dieser Risikoklasse neu eingeführt. Erklärtes Ziel ist es, Anreize für ein verbessertes Risikomanagement zu setzen. Die …

coping with systemic liquidity risk. …

, irrelevant, or very weak. For example, the return on equity contains a risk premium that must go down if banks have more equity … disciplining role are based on inadequate theory lacking empirical support. We conclude that bank equity is not socially expensive …

The systemic risk potential in the European banking market has increased. Hence, the following questions emerge: Is … the EU with respect to the increased Europe-wide systemic risk. We argue that cooperation between national supervisors … of a European observatory of systemic risk. …

systemic risk contribution, as well as a test of dominance aimed at testing whether or not, according to Delta CoVaR, one …-based systemic risk measures, in this context. …

Systemic risk now occupies centre stage in discussions of bank regulatory reform. Systemic risk is often seen as a … grappling with risk and uncertainty - and taking care to distinguish between the two - current efforts to construct a new macro … seeking to understand systemic risk, it becomes necessary to delve into micro-legal concepts such as property, trust, and …

Systemic risk now occupies centre stage in discussions of bank regulatory reform. Systemic risk is often seen as a … grappling with risk and uncertainty-and taking care to distinguish between the two-current efforts to construct a new macro … seeking to understand systemic risk, it becomes necessary to delve into micro-legal concepts such as property, trust, and …

We address the paradox that financial innovations aimed at risk-sharing appear to have made the world riskier … liquid assets. When risk-sharing is primitive, agents self-hedge and hold more liquid assets; this buffers aggregate risks …, resulting in few correlated failures compared to when there is greater risk sharing. We apply this insight to build a model of a …