"Neural networks are suggested for learning a map from d-dimensional samples with any underlying dependence structure to multivariate uniformity in d′ dimensions."
"Neural networks are suggested for learning a map from d' dimensional samples with any underlying dependence structure to multivariate uniformity in d′ dimensions."
"We produce a social unrest risk index for 125 countries covering a period of 1996 to 2020. The risk of social unrest is based on the probability of unrest in the following year derived from a machine learning model drawing on over 340 indicators covering a wide range of macro-financial, socioeconomic, development and political variables. The prediction model correctly forecasts unrest in the following year approximately two-thirds of the time. "
"This article scrutinises the potential of the existing regulatory apparatus in Union law to tackle the social, technical, and legal challenges inherent in deploying automated systems in high-risk settings such as the workplace, with a view to setting out key lessons for the proposed EU Artificial Intelligence Act."
"We construct and analyze a novel dataset on the corporate structure of the top 100 global insurance groups with headquarters located in 21 countries and their 8,000 subsidiaries located in 117 countries and offshore territories. We document how the level of internationalization and the business focus of foreign subsidiaries vary across headquarters regions as well as advanced and emerging economies."
"… macro-prudential authorities and supervisors should carefully monitor the growing interlinkages between the regulated banking sector and the shadow banking system. "
"In addition to raising capital requirements, it introduced three ratios, two of which set out minimum standards for liquidity and funding risk, i.e. the liquidity coverage ratio and the net stable funding ratio, and one which aims to limit leverage in the banking system, i.e. the leverage ratio... This paper investigates the extent to which the regulatory initiatives might have already had an impact on banks."
"We find that depending on the capitalisation of the network, a holding structure can be beneficial as compared to smaller separated entities. In other instances it can be harmful and actually increase contagion. We illustrate our results in a numerical case study and also determine the optimal level of holding support from a regulator perspective."
"By optimization and exploratory data-mining approaches, we show that it is possible to change ESG scores to exhibit stronger risk dependence."
"… auditors increase audit fees, provide higher audit quality, and are more likely to resign from suspected clients, suggesting that auditors proactively manage risk in response to regulatory scrutiny."