In der Vergangenheit wurden Liquiditätsrisiken sowie deren Management durch Wissenschaft und Praxis in stark schwankendem Mass beachtet. In der Regel nimmt ihre Bedeutung und damit auch der Grad der Beachtung in Zeiten wirtschaftlicher Anspannung zu, da sich Liquidität in diesen Situationen...

Investment decisions of cooperative banks are very restricted to their risk capacity. A well defined and organised Risk Management Process supports those investment activities and assists to achieve a balanced situation between risk and return. Several ways can be chosen to allocate risk...

Within the last decade, credit risk management of financial institutions has been subject to major changes due to the development of the credit derivatives market. In the past, financial institutions merely had the possibility to manage their credit portfolio by either approving or refusing a...