and risks. This has been amplified by the lack of a sound operational risk estimate due to the scarcity of the relevant … Dragon Kings regime for the largest events. With respect to risk assessment, our main finding is that risk is dominated by …

are a function of risk-free rates and a bank-specific risk premium. Cost of equity estimates declined steadily across all … countries from 1990 to 2005 but then rose from 2006 onwards. The fall in the cost of equity reflects (i) the decrease in risk …-free rates over this period, and (ii) a decline in the sensitivity of bank stock returns to market risk (the CAPM beta) in all …

structure. Our sample comprises 706 European firms from France, Germany, Italy and the U.K. over the period from 1983 to 2002 … interest rates are low and the risk of disruptions in the global financial system are negligible. We also document that capital …

Modeling the price risk of CO2 certificates is one important aspect of integral corporate risk management related to … emissions trading. The paper presents a risk model which may be the basis for evaluating the risk of emission certificate prices … expected reversion level and to estimate the parameters of the mean reversion process. -- risk ; carbon dioxide ; emissions …

This paper deals with the competencies of risk management professionals for assessing risk. Often such risk experts …, from a management perspective it is important to know the risk assessment competencies of these professionals and to know … how these could be biased. Or research focuses on the competencies of these risk management professionals and how they …