Following the financial crisis of 2008/2009, the framework conditions for the financial sector, especially for banks and insurance companies in the Euro and US regions, have changed significantly. Banks and insurance companies in the Euro zone and the US are facing increasing regulatory requirements such as the Dodd Frank Act in the US and Basel II and III in the Euro zone. In addition, the environment for American and European banks and insurance companies has increasingly changed over the last few years as a result ...