Nos derniers articles

"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."

"From a supervisory perspective, the use of AI can be expected to decrease regulatory enforcement costs while providing technology-advanced players with opportunities to game the regulatory system."

"Financial supervisors as well as financial intermediaries increasingly rely on AI. However, little remains known about the scope and pervasiveness of this evolution."

"... the proposed AI Act requires risky AI providers to comply with several standards before they can place their system on the market. Second, it has been acknowledged that autonomous systems pose a challenge to conventional liability rules. Consequently, at the European level, a new draft regulation on liability rules was initiated. Both proposals follow a first-of-its-kind policy that outlines how companies are allowed to use AI and what consequences should be enforced if an AI system causes harm to third parties."

"... this paper considers what problem, if any, the risk-based approach seeks to solve. It suggests that the problem to be solved by the approach is not primarily how to manage AI risks, but how to avoid a potentially over-broad scope of the regulation—a potential created by the broad definition of AI included in the Proposal."

"This paper... reviews the different channels of transmission of prudential policy highlighted in the literature and... provides a quantitative assessment of the impact of Basel III reforms using "off-the-shelf" DSGE models. It shows that the effects of regulation are positive on GDP whenever the costs and benefits of regulation are both introduced."

"... our results imply that when derivatives-related proprietary costs are high, benefits of non-compliance likely outweigh the costs."

"Current reporting standards for insurers require a decomposition of observed profits and losses in such a way that changes in the insurer's balance sheet can be attributed to specified risk factors. Generating such a decomposition is a nontrivial task because balance sheets generally depend on the risk factors in a non-linear way. This paper starts from an axiomatic perspective on profit and loss decompositions and finds that the axioms necessarily lead to infinitesimal sequential updating (ISU) decompositions, provided that the latter exist and are stable, whereas the current practice is rather to use sequential updating (SU) decompositions. The generality of the axiomatic approach makes the results useful also beyond insurance applications wherever profits and losses shall be additively decomposed in a risk-oriented manner."

"... insurance carriers should internally organize key stakeholders related to AI strategy and development to collaboratively evaluate how they define and develop AI projects and models. If carriers have not yet established broad life cycle governance or risk management practices unique to their AI/machine learning systems, they should begin that journey with haste."