. Specifically, we introduce a measure called CRISK, systemic climate risk, which is the expected capital shortfall of a financial … institution in a climate stress scenario. We use the measure to study the climate-related risk exposure of large global banks in …

In Against the gods: the remarkable story of risk (1996), Peter L. Bernstein illustrates how the mastery of risk has … risk is quantified, measured and managed to mitigate the perils of the unexpected, and where risk-taking, -transfer and … -pooling have become per se sources of legitimate profit. Commenting on Bernstein's work while moving from the Western 'risk …

Risk management is essential part of health of Islamic Bank (IB) and the health of entire financial market. One … important tools in risk management to avoid the failure of a bank is the capital held by the bank. Understanding the importance … of risk management and capital adequacy, Basel Committee on Banking Supervision (BCBS) published several guidelines …