During the last 40 years, risk management has evolved tremendously. The technologies and methodologies to measure risks have reached impressive levels of sophistication and complexity. However, the 2007 to 2008 financial crisis clearly demonstrates that substantial improvements in the way financial institutions measure and manage risks are still urgently needed. This chapter provides an analysis and discussion of risk management as well as several proposals on how the financial industry should evolve.
SIMILAR POSTS
26 October 2021
Z-score vs minimum variance preselection methods for constructing small portfolios
Several contributions in the literature argue that a significant in-sample risk reduction can be obtained by investing in a relatively [...]
The Credit Cycle Outlook
The good times are gone. As public markets wrestle with a perfect storm of macroeconomic risks and difficult national and [...]
26 October 2021
Wiserfunding Co-Founder Dr. Edward Altman at the European Parliament
Dr. Edward Altman at the European Parliament explaining the need for an independent market standard to assess SME Credit Risk [...]
