Europe’s next model: Zur Bedeutung von Risikomessmodellen in Finanzmarktlehre, -aufsicht und -industrie

Vanessa Redak: Europe’s next model: The impact of risk measurement on finance theory,regulatory practice and industry behaviour. The importance of Finance theory and riskmodelling has dramatically increased over the past decades in academic life, banks and thefinance industry, and in regulatory and supervisory bodies. This increase not only nurturedthe somewhat illusory belief that risk is measurable but also changed the lending behaviourof banks and the funding function of financial intermediaries with potential ample effectson the accumulation process.Vanessa Redak: Europe’s next model: The impact of risk measurement on finance theory,regulatory practice and industry behaviour. The importance of Finance theory and riskmodelling has dramatically increased over the past decades in academic life, banks and thefinance industry, and in regulatory and supervisory bodies. This increase not only nurturedthe somewhat illusory belief that risk is measurable but also changed the lending behaviourof banks and the funding function of financial intermediaries with potential ample effectson the accumulation process