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15-09-2018 | Correction

Correction to: Analysis of the SRISK measure and its application to the Canadian banking and insurance industries

Authors: Thomas F. Coleman, Alex LaPlante, Alexey Rubtsov

Published in: Annals of Finance | Issue 4/2018

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In the original publication, Table 6 was incorrect. The correct version of Table 6 is given for your reading. The original article has been corrected.

Table 6

Change in SRISK due to Debt, LRMES, and Equity changes, in million CAD.

(Dec. 2015–Jun. 2016)

		TD	Scotiabank	BMO	RBC	CIBC	Total
∆(D)	31-Dec-14	2799	1004	54	1926	691	6473
	31-Mar-15	8493	3318	6108	10,742	2222	30,883
	30-Jun-15	− 3613	− 1086	− 2837	− 4151	− 482	− 12,168
	30-Sep-15	4791	1791	2766	3701	1309	14,359
	31-Dec-15	308	− 531	− 2384	− 976	373	− 3210
	31-Mar-16	4842	4571	4178	9015	1148	23,754
	30-Jun-16	− 3371	− 1712	− 1143	− 3617	− 52	− 9896
∑∆(D)		14,250	7355	6742	16,639	5210	50,196
∆(Risk)	31-Dec-14	1839	923	− 694	376	1555	3999
	31-Mar-15	− 3052	1928	− 808	2472	− 708	− 169
	30-Jun-15	2660	− 1997	1277	− 2433	− 74	− 566
	30-Sep-15	5939	4359	3053	4554	2963	20,868
	31-Dec-15	3546	3646	654	7057	1081	15,985
	31-Mar-16	− 10,752	− 6397	− 2524	− 9241	− 2092	− 31,006
	30-Jun-16	6735	1557	193	3552	1894	13,931
∑∆(Risk)		6914	4019	1151	6337	4621	23,042
∆(E)	31-Dec-14	− 407	2666	55	− 241	208	2279
	31-Mar-15	1635	2728	3144	4005	2294	13,805
	30-Jun-15	1437	− 810	1043	− 35	− 82	1554
	30-Sep-15	552	4863	648	2620	− 1068	7616
	31-Dec-15	− 2039	2380	− 2211	− 2370	1216	− 3024
	31-Mar-16	− 2114	− 5936	− 374	− 772	− 1342	− 10,538
	30-Jun-16	657	103	− 1386	− 1614	− 22	− 2261
∑∆(E)		− 280	5993	918	1593	1206	9431

…

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