• 

  Cass-Capco Institute Paper Series on Risk - Journal Vol. 25

•  Letter from Shahin Shojai
•  Letter from Rob Heyvaert

Part 1

•   Opinion - Delta hedging a two-fixed-income-securities portfolio under gamma and vega constraints the example of mortgage servicing rights
  
  Carlos E. Ortiz, Chairman, Department of Computer Science and Mathematics, Arcadia University
  Charles A. Stone, Associate Professor, Department of Economics, Brooklyn College, City University of New York
  Anne Zissu, Chair of Department of Business, CityTech, City University of New York, and Research Fellow, Department of Financial Engineering, The Polytechnic Institute of New York University
  
•   Opinion - Reducing the poor s investment risk introducing bearer money market mutual shares
  
  Robert E. Wright, Clinical Associate Professor of Economics, Department of Economics, Stern School of Business, New York University
•   Opinion - Financial risk and political risk in mature and emerging financial markets
  
  Wenjiang Jiang, Professor, School of Mathematical Sciences, Yunnan Normal University, China
  Zhenyu Wu, Associate Professor, Edwards School of Business, University of Saskatchewan, Canada
•   Estimating the iceberg how much fraud is there in the U.K.
  
  David J. Hand, Professor of Statistics, Department of Mathematics, Imperial College, and Institute for Mathematical Sciences, Imperial College
  Gordon Blunt, Director, Gordon Blunt Analytics Ltd
•   Enhanced credit default models for heterogeneous SME segments
  
  Maria Elena DeGiuli, Associate Professor, Faculty of Economics, University of Pavia
  Dean Fantazzini, Associate Professor, Moscow School of Economics - Moscow State University
  Silvia Figini, Assistant Professor of Statistics, Department of statistics and applied economics, University of Pavia
  Paolo Giudici, Professor of Statistics, Department of statistics and applied economics, University of Pavia
•   The impact of demographics on economic policy a huge risk often ignored
  
  Timothy J. Keogh, Assistant Professor, The Citadel School of Business Administration
  Stephen Jay Silver, Professor of Economics, The Citadel School of Business Administration
  D. Sykes Wilford, Hipp Chair, Professor in Business, The Citadel School of Business Administration and Managing Director, EQA Partners, LLC
  
•   Risk and return measures for a non-Gaussian world
  
  Michael R. Powers, Professor of Risk Management and Insurance, Fox School of Business, Temple University, and Distinguished Visiting Professor of Finance, School of Economics and Management Tsinghua University
  Thomas Y. Powers, Yale University
  
•   Medium-term macroeconomic determinants of exchange rate volatility
  
  Claudio Morana, Dipartimento di Scienze Economiche e Metodi Quantitativi, Università del Piemonte Orientale, Novara, and International Centre for Economic Research (ICER, Torino)
•   Risk adjustment of bank stocks in the face of terror
  
  Dirk Schiereck, Full Professor, Faculty of Business Administration, Economics & Law, Tech University Darmstadt
  Felix Zeidler, European Business School, International University Schloß Reichartshausen
•   Macroeconomic risk sources and distributions according to a DSGE model of the E.U.
  
  David Meenagh, Cardiff University
  Patrick Minford, Professor of Applied Economics, Cardiff University, and CEPR
  Michael Wickens, Professor of Economics, Cardiff University, University of York, and CEPR

Part 2

•   Opinion - Risk management in the evolving investment management industry
  
  Philip Best, Chief Risk Officer, Threadneedle Asset Management
  Mark Reeves, Partner, Capco
•   Opinion - Bridging the gap arbitrage free valuation of derivatives in ALM
  
  Peter den Iseger, Head of Research, Cardano
  Joeri Potters, Senior Financial Engineer, Cardano
•   Does individual performance affect entrepreneurial mobility Empirical evidence from the financial analysis market
  
  Boris Groysberg, Associate Professor of Business Administration, Harvard Business School
  Ashish Nanda, Robert Braucher Professor of Practice and Research Director, Center for Law and the Professions, Harvard Law School
  M Julia Prats, Assistant Professor of Entrepreneurship, IESE Business School
•   A new approach for an integrated credit and market risk measurement of interest rate swap portfolios
  
  John Hatgioannides, Chair in Mathematical Finance and Financial Engineering, and Director, MSc in Mathematical Trading and Finance, Cass Business School
  George Petropoulos, Senior FX Trader, EFG Eurobank
•   Risk drivers in historical simulation scaled percentage changes versus first differences
  
  Su Xu, Vice President, Risk Analytics, Wachovia Securities
  Stephen D. Young, Senior Vice President and Director of the Options Strategy Group, Evergreen Investments
•   The impact of hedge fund family membership on performance and market share
  
  Nicole M. Boyson, Assistant Professor of Finance, Northeastern University
•   Public sector support of the banking industry
  
  Alistair Milne, Reader in Banking, Member of the Centre for Banking Studies, Cass Business School, City University, and Co-Director, Cass-Capco Institute Paper Series on Risk
•   Evaluating the integrity of consumer payment systems
  
  Valerie Dias, Chief Risk and Compliance Officer, Visa Europe
•   A loss distribution for operational risk derived from pooled bank losses
  
  ManMohan S. Sodhi, Professor in Operations Management, Subject Leader Operations Management & Quantitative Methods, Cass Business School, and Co-Director, Cass-Capco Institute Paper Series on Risk
  Wayne Holland, Senior Lecturer in Operations Research, Cass Business School
•   Global financial structure and climate change
  
  John Whalley, Professor, Department of Economics, University of Western Ontario, CIGI and NBER
  Yufei Yuan, Assistant Professor, Wang Yanan Institute for Studies in Economics (WISE), Xiamen University