后金融危机时代金融衍生品的风险管理与控制

Risk Management and Control of Financial Derivatives in Post-financial Crisis Era

中信泰富杠杆式外汇期权巨亏事件再一次说明金融衍生品风险管理的重要性。金融衍生品具有避险保值功能的同时还具有风险的流动性、复杂性、突发性及联动性的特征。因此,必须设计科学的金融衍生品风险管理程序,从事前、事中、事后加强金融衍生品的内部风险控制,特别要注重金融衍生品交易风险的财务控制。

The CITIC Pacific’s huge loss of leveraged foreign exchange options shows once again the importance of financial derivatives risk management.Financial derivatives not only have the function of risk-averse abilities and hedging capabilities,but also bear the feature of risk liquidity,complexity,unexpectation and interaction.Therefore,we must design a scientific financial derivatives risk management procedure,strengthening the internal risk control prior to,during and after the event,with particular emphasis on the financial control of financial derivatives.