Nos derniers articles

"... this book chapter evaluates how policymakers' approaches to systemic risk regulation in insurance have evolved since the crisis. It tracks how international standard-setting organizations and U.S. regulators initially relied on the entity-based approach, using discretionary methodologies for identifying specific nonbank firms, including insurers, that were systemically significant. It then shows how, in response to backlash, international and U.S. policymakers abruptly ceased entity-based designations and purported to shift their focus to an activities-based approach to nonbank systemic risk."

"We believe the results of this study can provide useful insights for the decisions of financial institutions and supervisors about the integration of climate-related risk analysis into their risk management procedures and prudential supervision practices."

"... we investigate how financial system stability, assessed through market-based systemic risk measures (SRMs), relates to climate-induced catastrophes and to the structural change caused by the low-carbon transition."

"We develop a measure of connectedness using a multifactor model of weekly equity returns. The empirical analysis is conducted from 1973 to 2018, for 16 developed countries, at both the sectoral and institution levels. The results indicate that, unlike other sectors, the connectedness level of the insurance industry has strengthened over time. "