Nowadays worldwide is exposed to terrorism risk. The attacks from September 11th 2001, the incidents from Madrid and London have shown us that even if one have a performant security sistems and preventention measures in place, terrorism risks can not be entirely eliminated. Worldwide economy is...

Purpose – The purpose of this paper is to investigate the informational opacity of Tunisian banks versus non-banking firms taking into account information environment changes. Design/methodology/approach – This research uses the synchronicity of stock returns as a proxy of informational...

Purpose – The UK responded with Bribery Act 2010 (BA 2010) after various international criticisms. The purpose of this article is to review its implications for UK regulated firms and foreign equivalents. Design/methodology/approach – The approach adopted is qualitative relying on primary...

This paper analyzes the implications of the advanced measurement approach (AMA) for the assessment of operational risk. Through a clinical case study on a matrix of two selected business lines and two event types of a large financial institution, we develop a procedure that addresses the major...

To study the impact of counter-party default risk of forward contracts on a firm’s production and hedging decisions, I use a model of a risk-averse competitive firm under price uncertainty. I find that if expected profits from forward contracts are zero, the hedge ratio is not affected by...

The current turmoil has shaped the world financial market. While the crisis materialized in 2008, it already began in mid-2000s when the US economy shifted to imbalanced both internal and external macroeconomic positions. We see three key causes of these problems – loose US monetary...

The Chicago Fed’s Supervision and Regulation Department, in conjunction with DePaul University’s Center for Financial Services, sponsored its third annual Financial Institution Risk Management Conference on April 6–7, 2010. The conference concentrated on comprehensive risk management,...

This study follows an analytical risk management process that begins by identifying the major hazards to which the countries of Latin America and the Caribbean are exposed. It then outlines the risk exposures related to these hazards, evaluates opportunities for risk transfer and presents...