It stands for flight to quality; at an individual bank's level, it refers to a reallocation tactic whereby banks encountering...

A situation that occurs when a wide number of depositors lose faith in all banks, or more specifically, all banks...

A type of business transformation whereby a company changes the very nature of an asset: by replacing/ exchanging it for...

An American-style, non-standard option that neither expires nor has an exercise limit. Since it has an infinite time to maturity,...

A risk reversal that allows investors to avoid paying a premium for an option. In this option strategy, the premium...

A type of transformation whereby banks aim to mitigate the effect of information asymmetry in their relationship with their clients....

According to international accounting standards, this refers to the risk-adjusted present value of an insurer's rights on and obligations to...

It stands for fulfillment cash flows; according to international accounting standards, this refers to the risk-adjusted present value of an...

An insurance contract is deemed to be onerous (loss-laden or loss-making) at initial recognition when the net cash flows associated...

A contract under which an insurance provider (the issuer/ insurance company) accepts significant insurance risks from, and to the benefit...