This paper analyzes the level and cyclicality of bank capital requirement in relation to (i) the model methodologies through-the-cycle and point-in-time, (ii) four distinct downturn loss rate given default concepts, and (iii) US corporate and mortgage loans. The major finding is that less...

Purpose: The fact that the grievance redressal complaints of general insurance claims are three times as that of life insurance claims endorses the requirement of a retrospection of claims behaviour of the general insurers in order to minimize the operating losses and ensure operational...

Banks' fundamental concept relies on public trust. Since banks are also called the fiduciary financial institutions, public trust plays as an important role in the banking industry. This is mainly due to the fact that banks do not actually manage their own money. Instead, banks manage public...

This paper surveys the relationship between risk management, particularly financial risk management, and questions of distributive justice. Risk management proceeds by mitigation or transfer. When risk is transferred, questions of distributive justice are often relevant, but they are seldom...

This research discusses risk management and its importance to the fundamental operation of banks in UAE. It also considers whether the Basel II agreement is still relevant in the current financial crisis, and whether it has helped contribute to the severity of the downturn by creating capital...

We propose a new method for analysing multi-period stress scenarios for portfolio credit risk more systematically than in the current practice of macro stress testing. Our method quantifies the plausibility of scenarios by considering the distance of the stress scenario from an average scenario....

In recent months, the legal academic community has taken a greater interest in the practice of risk management. Doubtless a response to the recent financial crisis, many have concluded that our current market structure allows for uninhibited risk taking and the pooling of systemic risk....