We define CoVaR as the value at risk (VaR) of financial institutions conditional on other institutions being in … distress. The increase of CoVaR relative to VaR measures spillover risk among institutions. We estimate CoVaR using quantile … regressions and document significant CoVaR increases among financial institutions. We identify six risk factors that allow …

risk, even if banks fully internalize the costs of negative outcomes. In this way, banks can reduce the surplus they have … unambiguously lead to reduced risk-taking by their top traders. …

The objective of this paper is to present the role and importance of internal control systems in good risk management …

the labour market for traders intensifies, banks optimally offer top traders contracts inducing them to take more risk … to reduced risk-taking by their top traders. …

risk, even if banks fully internalize the costs of negative outcomes. In this way, banks can reduce the surplus they have … unambiguously lead to reduced risk-taking by their top traders. …

can create a numerical snapshot of consumers risk profile. One of the most important characteristic of scoring models is …

capitalized. We employ a set of headline facts about the build-up of such risk exposures to explain how and why LCFIs adopted this … in decades preceding the current one, allowing LCFIs to take on excessive systemic risk. We also examine alternative … banking, excess liquidity due to global imbalances and mispricing of risk due to behavioral biases have some merit as …