Das Eingehen von Risiken ist untrennbar mit dem Geschäftsmodell eines Kreditinstitutes verbunden. Insbesondere bei der Kreditvergabe besteht die Gefahr, dass der Schuldner das geliehene Geld nicht zurückzahlen kann. Weitere Risiken entstehen aus der Änderung von Marktparametern (z. B....

The Global Financial Crisis had a severe impact on the commodity markets on top of the well-known effects on the worldwide economy. Not only the demand for commodities decreased severely thereby hurting the creditworthiness of participants in the wholesale commodity markets, but also the...

If the creditworthiness of a counterparty is a derivative of a commodity price, there is the potential to have right- or wrong-way exposures in commodity transaction. Identifying them is important, because otherwise credit costs are inadequately calculated. This is especially important if one...

Based on the most recent annual report of thyssenkrupp we look for various features of modern risk management. It appears that there could be challenges to have a full view of low probability and high impact risks, to be able to perceive concentration as well as wrong way risks and to capture...

If the creditworthiness of a counterparty is a derivative of a commodity price, there is the potential to have right- or wrong-way exposures in respective commodity transaction. Identifying them is important, because otherwise credit costs might be inadequately calculated and wrong incentives...

I investigate sovereign risk management using expected utility theory. A proposition is derived under which conditions which degree of hedging is optimal. An application to the case of Russia shows that a risk-acceptant attitude can serve as an explanation of the decisions to bail out Rosneft...

The European Markets Infrastructure Regulation (EMIR) allows burdening a clearing obligation on non-financial corporations, which formerly did not necessarily clear their business. We give 10 recommendations on how to cope with this obligation. These are motivated by a case study for which we...