1 Climate Risk Scenario -- 2 Regulatory Framework, Standards And Best Practices For The Financial Sector -- 3 Transmission Channels Of Climate Risk -- 4 Integrating Climate Risk Into Commercial Banks Operations -- 5 Insurance Companies -- 6 Governance Implications: The Challenge Of Disclosure.

This paper addresses the issue of systemic risk in insurance and investigates how financial markets evaluate the introduction of a new regulation addressed to global systemically important insurers (G-SIIs). We analysed the stock price reactions and the evolution of the distance-to-default of a...

The current international financial crisis, which started in 2007 in the US and soon spread to the rest of the world, has revealed that the failure of an interconnected and complex financial institution, even though not necessarily large in terms of total assets, can threaten the stability of...

The availability of internal and external financing sources significantly influences firms' investments and growth. Even profitable firms with ample financing in normal times can be adversely affected by demand and supply shocks such as the COVID-19 pandemic, the energy crisis, or the recent...