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ID:27832692
大小:62.50 KB
页数:16页
时间:2018-12-06
《金融风险管理的现状和未来外文翻译(可编辑)》由会员上传分享,免费在线阅读,更多相关内容在学术论文-天天文库。
1、金融风险管理的现状和未来外文翻译外文翻译ThePresentandFutureOfFinancialRiskManagementMaterialSource:////0>.Author:CarolAlexanderTheroleofriskmanagementinfinancialfirmshasevolvedfarbeyondthesimp1einsuraneeofidentifiedrisks,toadisciplinethatcentresoncomplexeconometricandfinancialmodelsofuncertainty.Financialriskmanag
2、ementhasbeendefinedbytheBaselCommittee2001asasequeneeoffourprocesses:theidentificationofeventsintooneormorebroadcategoriesofmarket,credit,operationaland'other"risksandintospecificsub-categories;theassessmentofrisksusingdataandariskmodel;themonitoringandreportingoftheriskassessmentsonatimelybasi
3、s;andthecontroloftheserisksbyseniormanagement.Ofthetrendsinfinancialmarketsthathavehadasignificantimpactonriskmanagementpracticestoday,deregulationhasbeenamaindrivingforce.Sincethe1970sthederegulationofcapitalflowshasledtoincreasedglobalization;dcrcgulationofindustrieshasenabledtherapidexpansio
4、nofnewcompaniessuchasEnronBodilyandBruner,2002;Bratton,2003;andwiththederegulationoffinancialoperationsnewriskshavebeenacquired?withsomebanksofferinginsuranceproductsandinsurancecompanieswritingmarkctandcreditdcrivativesBroomeandMarkham,2000.Over-the-counterderivativemarketsrapidlyovercameallot
5、hersinnotionalsizebutcapitalization,ontheglobalscale,decreasedduringthisperiodandbytheearly1980ssomeindividualbanks,ifnotnationalbankingindustries,hadbecomehighlyvulnerable.AsaresuItthesupervisionandreguleitionofbanksandotherfinancialfirmshasincreased.Inparticular,capitaladequacyrequirementshav
6、ebeenextendedtocovermoretypesofrisks.1ThefirstBaselAccordin1988coveredonlycreditrisksinthebankingbook;theBasel1Amendmentin1996extendedthistomarketrisksinthetradingbook;andnowthenewBeisel2AccordthatwillbeadoptedbyallGIO?andmanyother?countriesin2007refinescreditriskassessmentstobecomemorerisksens
7、iliveandextendsthecalculationofriskcapitaltoineludeoperationalrisks.AlsoinBasel2,minimumsolvencyratioswillnowbeappliedtoassetmanagementandbrokeragesubsidiaries,andwellastotraditionalbankingoperations.Somefinancialserviceshavebecom
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