...Heike Bockius; Nadine Gatzert Purpose The purpose of this article is to investigate the impact of counterparty risk on the basis risk of industry loss warranties as well as on reinsurance with and without collateral under different dependence structures. The authors additionally compare...

... Credit Collateral Underwriting Risk Shadow banking Financial innovation Notes: Financial institutions include all sectors listed below each heading. Items in italics are sector-specific. Source: Financial Stability Board (2014) According to the FSB, banks refer to the broader...