Risk Management & Derivatives

Cluster Risk Management & Derivatives at the Center of
Finance

The Cluster Risk Management and Derivatives bundles activities regarding modeling,
quantification and control of financial risks in corporations. Both financial institutions (such as banks or insurance companies) and industrial companies are part of the consideration. In the context of transformation and transfer of risks the focus on different derivative financial risks plays a major role.

Specific research topics/projects in this cluster are for instance:

• Measurement and Control of Credit Risks
• Credit Derivatives and Microfinance
• Risk Measures, Risk Modeling and Hedging Strategies for Corporations
• Empirical Studies of Derivatives Markets
• Weather, Energy and Real Estate Derivatives, Cat Bonds
• Computational Finance

Professors Dorfleitner (spokesman of the cluster), Hamerle, Röder and Sebastian - and their teams - are particularly involved in this cluster, they all have published numerous articles on the above subjects in both national and international journals.

The following lectures belong in this cluster:

• Financial Risk Management
• Derivative Financial Instruments
• Financial Engineering
• Credit Risk Management

The participants in the cluster are working with practitioners in cooperations and in the fields of consulting and education, including:

• Report on VaR-modeling of a medium-sized bank