Systemische Risiken im Asset Management - Dissertationsschrift

'Systemic Risks in Asset Management': The financial crisis of 2007/08 has led to increased monitoring of risks that could impair the allocation of capital and liquidity. Maximilian Höflich draws on this as an impetus to analyze relevant types of structures and products in asset management with regard to systemic risks and to review whether the European supervisory regime appropriately governs such risks. From this, he derives the determinants for enhancing the macroprudential supervisory framework of European investment funds.

Kapitel 1: Finanztheoretische Grundlagen
Ursprünge neoklassischer Kooperationsprobleme - Die moderne Portfoliotheorie - Das Capital Asset Pricing Model - Die Efficient Market Hypothesis

Kapitel 2: Systemisches Risiko
Ursprünge systemischen Risikos - Die Definition systemischen Risikos - Quellen systemischen Risikos

Kapitel 3: Die europäische Regulierung von Systemrisiken im Asset Management
De lege lata - Das europäische Aufsichtsregime im Asset Management - Resümee europäischer Systemaufsicht

Kapitel 4: Systemisches Risiko im Asset Management
Grundlagen des Asset Managements - Systemische Risiken im Asset Management

Zusammenfassung
Systemisches Risiko - Systemisches Risiko im Asset Management - Regulatorischer Handlungsbedarf