Technical papers/Central Banks
Basilea II postula la integración de coherencias entre los incumplimientos y la severidad de la pßrdida (LGD). Si entre ambos hay una correlación positiva, la utilización de modelos separados para...
Insurance Risk and BNY Mellon have conducted a survey to look at how insurance companies are preparing for the new regime and the opportunities and challenges that the changes will bring.
More Technical papers/Central Banks articles
FinecoVita, the life company of FinecoGroup – Capitalia Gruppo Bancario, was created by the merger of Cisalpina Previdenza and Roma Vita in 2003. Its products are offered to Italian investors through 2,000 branches of Banca di Roma, Banco di Sicilia,...
Banco Santander Central Hispano is Spain’s largest bank and it recently acquired Abbey in the UK. Its products can register large sales volumes: Fondo Superseleccion, an uncapped call on a basket of funds, took around 42 billion in 2003 alone – around...
Mediolanum Vita, the life company of Banca Mediolanum based in Milan, is currently offering six life insurance products to the Italian retail market – two growth and four income, and each linked to the performance of the S&P 500, DJ Eurostoxx 50 and...
What are the theoretical consequences of restructuring electricity markets on emissions? Here, Benoît Sévi shows that changes in supply and consumption and restructuring for competition has environmental effects, and argues that strong public policies...
In an evolving market, a new standard for the price quotation of credit products that models correlated changes in credit spreads as well as default times is needed, argues Darrell Duffie.
To meet the Basel II advanced measurement requirements and improve op risk management, firms must establish robust loss databases. Ulrich Anders and Jürgen Platz of Dresdner Bank in Frankfurt outline such a framework.
This paper discusses a number of diverse considerations that risk managers need to incorporate into their thought processes and recurring procedures if they are to fulfill their role more effectively in the future
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