In 2004 the Basel Committee published an extensive revision of the capital charges whichcreates more risk sensitive capital requirements for banks. The New Accord called “InternationalConvergence of Capital Measurement and Capital Standard” provides in its first pillarfor a finer measurement...

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...

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 capital....

The aim of portfolio insurance strategies is to put a floor on the value of a stock portfolio byprogressively selling stocks and buy safe, short-term debt securities as stock prices fall. Thispaper analyzes the current static and dynamic methods in use and explains their pros andcons.

This paper analyzes the current use of incentive-fee-concepts for mutual funds inGermany. Following an empirical analysis about the relevance of these methods,the different methods of calculation and the influence of different parameters aredescribed. Further on it explains the impacts of...

This paper deals with the problem of interpolation of discount factors betweentime buckets. The problem occurs when price and interest rate data of a marketsegment are assigned to discrete time buckets. A simple criterion is developed inorder to identify arbitrage-free robust interpolation...

Im Arbeitsbericht wurden die wesentlichen Kapitalbestandteile der Bank vorgestellt. Durchdas Bankenaufsichtsrecht entstehen bei Kern- und Ergänzungskapital haftende Eigenkapitalformen,die bilanziell aber wie Fremdkapital wirken. Dies führt zu einer Erweiterung desWACC im Bankenrahmen. Hinzu...

Subject of the study presented in this paper is the analysis of the relevance of the Internet asan information source in German banks. The results show, that today the Internet is indeed themost important information source for many types of information used in the business processesof banks....

In recent years, diversity management has evolved from a perspective on human resourcesmanagement toward a conception of strategic management. This implies the need to adapt acentral management function, strategic controlling, in order to render the conception of diversitymanagement in...