regulation, recovery and resolution, and risk culture. …

styles under a number of criteria including consistency from an accounting standpoint, counterparty risk hedgeability …

We investigate financial intermediaries' interest rate risk management as the simultaneous decision of on …-balance-sheet exposure and interest rate swap use. Our findings show that both decisions are substitute risk management strategies. A higher … as the maturity gap being largely determined by customer liquidity needs, whereas the decision to use swaps relies on …

analyzes the determinants of non-interest income and its impact on financial performance and the risk profile of German banks … between 1995 and 2007. We find empirical evidence that for all German universal banks risk-adjusted returns on equity and … strong engagement in fee-generating activities goes along with higher risk. In order to analyze possible cross …

liquidity holdings has intensified. This paper explores the cash management conducted by German open-end equity funds for the …. Conditional on poor portfolio liquidity, we find that managers of permanently retail-oriented funds tend to move towards higher … when the portfolio liquidity of retail-based funds is higher. The striking effort undertaken by poorly liquid funds with a …

Assessments of investors' risk appetite/aversion stance via indicators often yields results which seem unsatisfactory … improvements. The present paper seeks to contribute to this evolution, focusing on the Global Risk Appetite Index (GRAI) class of …