Risk transfer also risk transformation and risk transfer
Generally, the passing on of a risk of loss incurred to another party. – Particularly in the case of the transfer of credit risks, it must always be borne in mind that the transferred risks have not disappeared. They are merely located elsewhere with the risk of reappearing there in a concentrated form, as in the case of the subprime crisis. – See financial alchemy, risk sharing, risk assumption principle, risk carrier, ultimate, shadow bank, securitization, terror securities, XXX insurance-linked securities, forced convertible bond, special purpose vehicle. – Cf. Monthly Report of the Deutsche Bundesbank of April 2004, p. 27 et seq. (individual instruments; reference to financial stability), Monthly Report of the Deutsche Bundesbank of July 2014, p. 76 et seq. (data on risk transfer between insurance companies and other sectors of the economy).
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University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec.
Professor Dr. Eckehard Krah, Dipl.rer.pol.
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