, such transactions create reinsurance default risk, or the risk that captive reinsurers will default on their obligations to … the underlying insurers. Second, they can expose insurers to recapture risk, or the prospect that an insurer will no … insurance scheme. Third, shadow insurance can create correlated parent company risk by magnifying the prospect that a single …

increase their control over project activities, potentially exposing themselves to greater liability risks. Part I of the paper … Equator Principles Financial Institutions ("EPFIs"). Part II outlines the current scope of lender liability for environmental … damage and describes how the steps EPFIs take to protect their project investments generate liability risks. Part III surveys …

Assuming a risk-neutral bank and assuming household utility to be exponential, we show how under information symmetry …

risk management …