【精品文档】关于公司企业财务风险管理控制的毕业设计外文文献翻译成品：财务风险管理的现状和未来10.docx

此文档是毕业设计外文翻译成品（ 含英文原文+中文翻译），无需调整复杂的格式！下载之后直接可用，方便快捷！本文价格不贵,也就几十块钱！一辈子也就一次的事！ 外文标题：The present and future of financial risk management 外文作者：Alexander Carol 文献出处:Journal of Financial Econometrics,2018, 3(1):3-25(如觉得年份太老，可改为近2年，毕竟很多毕业生都这样做) 英文4116单词，26511字符(字符就是印刷符)，中文6691汉字。 The present and future of financial risk management Abstract Current research on financial risk management applications of econometrics centres on the accurate assessment of individual market and credit risks with relatively little theoretical or applied econometric research on other types of risk, aggregation risk, data incompleteness and optimal risk control. We argue that consideration of the model risk arising from crude aggregation rules and inadequate data could lead to a new class of reduced form Bayesian risk assessment models. Logically, these models should be set within a common factor framework that allows proper risk aggregation methods to be developed. We explain how such a framework could also provide the essential links between risk control, risk assessments and the optimal allocation of resources. Keywords: Financial risk assessment; risk control; RAROC; economic capital; regulatory capital; optimal allocation of resources. Introduction The role of risk management in financial firms has evolved far beyond the simple insurance of identified risks, to a discipline that centres on complex econometric and financial models of uncertainty. Financial risk management has been defined by the Basel Committee (2001) as a sequence of four processes: the identification of events into one or more broad categories of market, credit, operational and ‘other’ risks and into specific sub-categories; the assessment of risks using data and a risk model; the monitoring and reporting of the risk assessments on a timely basis; and the control of these risks by senior management. Of the trends in financial markets that have had a significant impact on risk management practices today, deregulation has been