Tag Archives: Systemic Risk

When Banks and Insurers Move Together: Why Systemic Risk Lives in the Tails?

Why bank–insurance linkages matter more than ever? The global financial system no longer operates in silos. Over the past two decades, a significant convergence has occurred: banks have expanded into insurance and asset management, while insurers have deepened their presence in capital markets through corporate bonds, private equity, derivatives, and structured products (Bernardi & Petrella, […]