This manual highlights leading case studies and practical resources from Australian municipalities and overseas, and includes a step-by-step framework for effectively embedding climate risk into council operations. The resource will be useful for council staff involved in climate risk assessment and planning such as asset managers, strategic planners, and corporate and community services staff. This...

This paper analyses the pricing of systematic risk factors in credit default swap contracts in a two-stage empirical framework. In the first pass, we estimate contract specific sensitivities to several systematic risk factors by time-series regressions using quoted credit default swap (CDS) spreads of 339 U.S. entities from 2004 to 2010. We find that the...

This paper develops a framework to measure the exposure to systematic risk for pools of asset securitizations and measures empirically whether current ratings-based rules for regulatory capital of securitizations under Basel II and Basel III reflect this exposure.

The Global Financial Crisis exposed financial institutions to severe unexpected losses in relation to mortgage securitizations and derivatives. This paper finds that risk models such as ratings are exposed to a large degree of systematic risk and parameter uncertainty.

This research suggests the sensible use of debt by local councils can address infrastructure backlogs and positively support sustainable local communities and organisation performance. The aim of the project has been to support the Australian local government sector contend with the increasingly complex financial arrangements and considerations required to viably operate a contemporary local council...