Gedanken zum ökonomischen Kapital
Die Artikelserie Class Notes will die Entwicklungen der letzten Zeit in einen Zusammenhang stellen und zum Nachdenken über Schlüsselfragen in den Bereichen Risikomanagement und Derivathandel anregen. In diesem Artikel erläutert Charles Smithson das Konzept des ökonomischen Kapitals
Das ökonomische Kapital ist ein Maß für den Eigenkapitalbetrag, den ein Unternehmen benötigt, um ein Risiko tragen zu können. Genau genommen handelt es sich um den Eigenkapitalbetrag, der notwendig ist, um die aus dem Risiko potenziell erwachsenden Verluste mit einem bestimmten Vertrauensniveau abdecken zu können.1 Viele große internationale Banken definieren das ökonomische Kapital zum Beispiel als den Eigenkapitalbetrag, der erforderlich ist, um Verluste in 99,97% der Zeit abzudecken.
Anders
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