Applications: Financial Risk and Financial Risk Management Technology (Rmt): Issues and Advances

16 Pages Posted: 15 Oct 2008

See all articles by Arun Bansal

Arun Bansal

affiliation not provided to SSRN

Robert J. Kauffman

Singapore Management University; Singapore Management University - School of Information Systems

Robert M. Mark

affiliation not provided to SSRN

Edward Peters

affiliation not provided to SSRN

Date Written: 1993

Abstract

Methods for sound risk management are of increasinginterest among Wall Street investment banking and brokeragefirms in the aftermath of the October 1987 crash of the stockmarket. As the knowledge of advanced technology applicationsin risk management increases, financial firms are findinginnovative ways to use them practically, in order to insulatethemselves. The recent development in models, the softwareand hardware, and the market data to track risk are allconsidered advances in Risk Management Technology (RMT). -.These advances have affected all three stages of risk management: the identification, the measurement, and the formulation of strategies to control financial risk. This article discussesthe advances made in five areas of RMT: communicationsoftware, object-oriented programming, parallel processing, neural nets and artificial intelligence. Systems based on any of these areas may be used to add value to the business ofa firm. A business value linkage analysis shows how the utilityof advanced systems can be measured to justify their costs.

Keywords: Risk management, Object-oriented, Neural nets, Artificial intelligence, Business value, Clientserver, Distributed database, Parallel processing, Pattern recognition, Data quality

Suggested Citation

Bansal, Arun and Kauffman, Robert J. and Mark, Robert M. and Peters, Edward, Applications: Financial Risk and Financial Risk Management Technology (Rmt): Issues and Advances (1993). NYU Working Paper No. 2451/14259, Available at SSRN: https://ssrn.com/abstract=1284880

Arun Bansal

affiliation not provided to SSRN

Robert J. Kauffman

Singapore Management University ( email )

Li Ka Shing Library
70 Stamford Road
Singapore 178901, 178899
Singapore
65-6828-929 (Phone)

Singapore Management University - School of Information Systems ( email )

80 Stamford Road
Singapore, 178902
Singapore

Robert M. Mark

affiliation not provided to SSRN

Edward Peters

affiliation not provided to SSRN

No Address Available

Here is the Coronavirus
related research on SSRN

Paper statistics

Downloads
166
Abstract Views
1,205
rank
205,332
PlumX Metrics