The Future of Financial Risk Management

Third Annual Conference of the Cass-Capco Institute Paper Series on Risk, London, April 19, 2010

20 Pages Posted: 4 Mar 2010  

Charles S. Tapiero

NYU Polytechnic School of Engineering - Department of Finance and Risk Engineering

Date Written: March 1, 2010

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.

Suggested Citation

Tapiero, Charles S., The Future of Financial Risk Management (March 1, 2010). Third Annual Conference of the Cass-Capco Institute Paper Series on Risk, London, April 19, 2010. Available at SSRN: https://ssrn.com/abstract=1562682 or http://dx.doi.org/10.2139/ssrn.1562682

Charles S. Tapiero (Contact Author)

NYU Polytechnic School of Engineering - Department of Finance and Risk Engineering ( email )

Brooklyn, NY 11201
United States

Paper statistics

Downloads
895
Rank
20,050
Abstract Views
3,357