derivatives' trading volume, default risk, and on the welfare in the banking sector. First, we develop a stylized banking sector … margining always reduces default risk, we find that there exist situations in which margining increases default risk, reduces …

as the benchmark of comparison in mandatory stress test exercises. For risk management functions, a bank's own stress …

. Specifically, we introduce a measure called CRISK, systemic climate risk, which is the expected capital shortfall of a financial … institution in a climate stress scenario. We use the measure to study the climate-related risk exposure of large global banks in …

This paper assesses liquidity risk for the United States (U.S.) bond mutual funds industry and performs a range of …