We study the dependence between the downside risk of European banks and insurers. Since the downside risk of banks and insurers differs, an interesting question from a supervisory point of view is the risk reduction that derives from diversification within large banks and financial...

Switzerland has a systemically important financial sector. This paper analyzes the financial soundness and risk dynamics of Swiss banks and insurance companies for the past five years. The cross-country comparisons show that despite the recovery in profitability and capital for banks and...

Value and Capital Management: A Handbook for the Finance and Risk Functions of Financial Institutions -- Contents -- List of Abbreviations -- Preface -- Acknowledgments -- About the Author -- Part One: Introduction -- Chapter 1: Why is Value Management Important? -- Better Information -- Why It...