This study discusses the role of institutional investors in financing infrastructure in emerging markets and developing economies (EMDEs). It analyzes the present level of involvement as well as the future investment potential of new financing sources such as public and private pension funds,...

This paper examines the impact of cybercrime and hacking events on equity market volatility across publicly traded corporations. The volatility influence of these cybercrime events is shown to be dependent on the number of clients exposed across all sectors and the type of the cyber security...

The scale and intensity of digital financial criminality has become more apparent and audacious over the past fifteen years. To counteract this escalating threat, financial technology (FinTech) and monetary and financial institutions (MFI) have attempted to upgrade their internal technological...

Over the last two and a half decades, Luxembourg's financial sector emerged as a leading international hub for asset management and investment funds and became a key contributor to economic growth. Diversification into new areas of financial asset management is continuing. However, changing...

A sovereign debt crisis can have significant knock-on effects in the financial markets and put financial stability at risk. This paper focuses on the transmission of sovereign risk to insurance companies as some of the largest institutional investors in the sovereign bond market. We use a firm...

Does a catastrophe bond issue increase the insurance firm value to shareholders? By issuing such bonds, insurance companies that are exposed to weather claims, can share their risk with investors, managing the corporate risk. The academic literature argues that hedging activities can increase a...

The G-20 Data Gaps Initiative (DGI), which aimed at addressing the information needs that were revealed by the 2007/2008 global financial crisis, concluded its first phase and started a second phase (DGI-2) with the endorsement of G-20 Finance Ministers and Central Bank Governors in September...

The primary objective of this paper is to examine the relationship between historical and implied volatility estimates in order to propose the nature of a model that predicts the future volatility. For this scope, we used non-overlapping clustering of observed futures volatility and implied...

The global financial crisis triggered a vast number of new laws and regulations at international level, including initiatives that can be classified as "soft law". The legitimacy and efficacy of these new norms are subject to intensive academic and political debates. At the same time, soft law...

The aim of the present study is to assess the regulatory framework and make some policy proposals to regulators for the improvement of qualifications for financial advisors in the European Union, serving as an input for the development of the main objectives of the Retail Investment Strategy: to...