We develop a macroeconomic portfolio stress test that is specifically geared towards small and medium-sized banks. We combine a credit risk stress test which simulates credit impairments via a CreditMetrics type multi-factor portfolio model with an income stress test in the form of dynamic panel...

Introduction -- Agents and brokers in the insurance industry : an intriguing area for further research -- Valuation of small and medium-sized insurance brokers : establishing a valuation approach for business succession -- Value creation in insurance intermediary mergers and acquisitions : an...

"The financial crisis brought the world to the brink of economic breakdown. But now bankers' bonuses are back, house prices are rising again and politicians promise recovery - all this while unemployment remains high, debts mount, frictions with China grow and the planet overheats. Is this...