Liquidity
Wake-up call for Basel’s insurance neighbours
With liquidity draining away from the credit markets, banks have turned to the insurance industry to underwrite credit risks. But how prepared are insurers and reinsurers to takethese risks?
Margining the spread
Liquidity risk
Breaking the silence
Liquidity risk
Getting the pricing right
Credit risk
The liquidity puzzle
Liquidity
Pricing liquidity into derivatives
Volatility
Value under liquidation
Liquidity
Uncertain volatility
Market risk