We conduct a systematic literature review on environmental and climate‐related risk
management in the financial sector. We classify the current literature into three categories:(i) …

To ensure the safety and soundness of the global financial system as well as individual
financial institutions and to reduce systemic risk, numerous policy measures and regulatory …

Enterprise risk management (ERM) has become increasingly relevant in recent years,
especially due to an increasing complexity of risks and the further development of regulatory …

In the course of recent regulatory developments, holistic enterprise-wide risk management
(ERM) frameworks have become increasingly relevant for insurance companies. The aim of …

Credit scoring is a crucial indicator for banks to determine the financial position and the
eligibility of a client for credit. In order to assign statistical odds or probabilities to predict the …

Even though insurers predominantly invest in bonds, credit risk associated with government
and corporate bonds has long not been a focus in their risk management. After the crisis of …

To achieve ambitious international climate goals, an increase of energy efficiency
investments is necessary and, thus, a growing market potential arises. Concomitantly, the …

This article provides a critical analysis of the consistency of the standard approaches for
market and credit risks under Solvency II and the current and forthcoming Basel III …

With Solvency II ready for implementation as per 2016, it is a good time to analyse the
effectiveness of the framework. We build on earlier analyses of the preliminary framework …

In 2017, insurers in the European Union disclosed their Solvency and Financial Condition
Reports (SFCRs) according to the third pillar of Solvency II for the first time. The aim of this …