public ownership in banks and insurance companies, expansion of the contractual savings system through more rapid expansion …. Considerable competition has been introduced in the banking sector through new private sector banks, but public sector banks … still in their infancy. Similarly, despite the introduction of new private sector insurance companies coverage of insurance …

Interconnectedness among global systemically important banks (GSIBs) and global systemically important insurers (GSIIs … corroborated by a balance sheet oriented systemic risk measure. Lastly, the paper demonstrates significant influence of economic …

exports of all five broad categories of the U.K.’s financial and insurance services. No trade barriers are found for the bulk … suggests that post-Brexit disruptions of the U.K.’s export of financial and insurance services may be minor …

work. Recently, more emphasis has also been placed on the role of insurance for financial stability analysis. This paper … reviews the current state of system-wide solvency stress tests for insurance based on a comparative review of national … consistent implementation of such exercises. The paper also offers recommendations on improving the current insurance stress …

This paper estimates insurance requirements against natural disasters (NDs) in the Eastern Caribbean Currency Union … (ECCU) using an insurance layering framework. The layers include a government saving fund, as well as market instruments …

Cyber risk is an emerging source of systemic risk in the financial sector, and possibly a macro-critical risk too. It … approaches to assess and monitor cyber risk to the financial sector, including various approaches to stress testing. The paper …

Cyber risk has emerged as a key threat to financial stability, following recent attacks on financial institutions. This … paper presents a novel documentation of cyber risk around the world for financial institutions by analyzing the different …. The other novel contribution that is outlined is a quantitative framework to assess cyber risk for the financial sector …

risk within assets with identical regulatory treatment. State level US insurance regulation makes it unlikely this risk …Rather than taking on more risk, US insurers hit hard by the crisis pulled back from risk taking, relative to insurers … not hit as hard by the crisis. Capital requirements alone do not explain this risk reduction: insurers hit hard reduced …

converged. At the same time, the sensitivity of bank and insurance systemic risk measures to common real and financial shocks … and increased equity markets integration since the early 1990s. We also find that measures of systemic risk at large … European financial institutions have not declined during the period 1990-2004 and that bank systemic risk profiles have …