School News
Research on systemic risk by Stern's Volatility Institute is referenced
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Excerpt from Bloomberg -- "Market-based measures support the view that Deutsche Bank is heavily intertwined with the rest of the global financial system. According to a systemic risk (SRISK) gauge first designed by the Volatility Institute at New York University's Stern School of Business, the bank would face a capital shortfall of 87.4 billion euros if it were still to fulfill capitalization requirements in the event of a financial crisis — which they define as a 40 percent semi-annualized fall in global stock markets."
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