Stress testing has become a tool of choice in banking for risk managers and regulators alike, and it is used more … widely as a way to assess resilience to severely adverse events. Yet even the most creative risk manager would have been …

Banks as financial intermediaries are broadly exposed to a wide range of economic and financial risk factors. We parse … climate risk into its two main types: physical risk such as sea level rise and transition risk such as climate related policy … through which climate related risks can impact banks’ risk profiles with particular attention to credit risk, the dominant …

fundamentally changed the mathematical modeling of financial systems, financial risk management in the public and private sector … context. This guide is essential reading for researchers, practitioners and policymakers working on financial risk management …

returns are relatively well explained with standard risk factors, and both the residual correlation and degree of factor … quantify those shared bank exposures that create systemic risk and to portfolio managers seeking to devise optimal …

This paper considers a simple model of credit risk and derives the limit distribution of losses under different … results obtained indicate that if firm-specific risk exposures (including their default thresholds) are heterogeneous but come … from a common parameter distribution, for sufficiently large portfolios there is no scope for further risk reduction …

policymakersconcerned with systemic risk. We put forward no specific newpolicy proposals, however, because we believe CCRM remainsthe … and highlighting the specific linkages from hedgefunds to systemic risk, we hope to highlight areas for furtherresearch on …