A decade after the worst of the Global Financial Crisis (GFC), Nathan Sheets, PhD, former director of the Division of International Finance for the Federal Reserve Board, looks back at the…
Over the past decade, the financial industry has made substantial progress in strengthening global market stability and enhancing resilience. Despite significant efforts to improve post-crisis…
The Solvency II Directive (2009/138/EC) imposes a specific solvency capital charge on currency mismatches between insurance companies’ assets and liabilities. Most insurers choose to hedge the bulk…
