Faculty News

Prof. Viral Acharya discusses the Stern Volatility Institute's Systemic Risk Rankings

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Excerpt from Financial Times -- "Using his methodology, which he calls SRISK, Mr Acharya found that in a crisis French financial institutions would have a capital shortfall of almost $400bn, worse than the US and UK despite their much bigger financial sectors. Looking just at the French banks tested in the ECB stress tests, which found zero capital shortfall, SRISK came up with €189bn."

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