The authors investigate the relationship between bankers' risk-taking and bonus caps, finding negligible evidence that bonus caps reduce risk taking at the ...

One of the most important direct effects was the entry of a number of new operators into the market, which thus increased competition in the generation and supply of gas and electricity, giving ...

Morgan Stanley’s capital requirements for credit valuation adjustment (CVA) risk skyrocketed 42% in the third quarter, driven overwhelmingly by charges computed under the simple approach, where the ...

Earlier this year, credit traders hoped a new credit default swap (CDS) index would help them hedge their exposure to North ...