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 …

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 …

regular core capital requirement that helps deter excessive risk-taking incentives. The second tier, a novel aspect of our … framework, is a special capital account that limits risk taking but preserves creditors' monitoring incentives. -- capital … requirements ; leverage ; systemic risk …

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 …