The Future of Financial Risk Management

Abstract:     
The financial crisis of 2008 has revealed what we all know: That liquidity matters very much; That the future may be unpredictable; That non-transparency, complexity and ambiguity have conjured with greed to induce “Management’s Risks” as being able to derail financial sustainability and That financial models are not efficient. These revelations have increased our awareness that our financial expectations can and do falter. This renewed awareness may alter the financial regulatory environment, financial markets in general, our financial attitudes and beliefs and by extension, the future of financial risk management. In light of these events, the purpose of this paper-presentation is to assess the future of financial risk management and point out to essential concerns that may be relevant in meeting the challenges of a financial world increasingly in turmoil.

Number of Pages in PDF File: 20

working papers series