应对道德风险、尾部风险与风险复杂化的挑战——高盛集团交易账户风险管理经验与启示

Risk Management and Its Enlightenment of Trading Accounts of Goldman Sachs

我国的股票市场的巨幅波动使得金融机构不得不更加注重交易账户的风险管理问题。这种巨幅波动通常被归于"尾部风险"事件,并且在新金融业务所引发的道德风险和风险复杂化问题下显得更加严重。因此,在借鉴国外金融机构经验时,需要格外关注这些金融机构对道德风险、尾部风险和复杂风险的管控机制。本文主要分析高盛集团的相关风险管理经验,并提出了我国金融机构应对交易账户风险的相关见解。

Our huge stock market volatility makes the financial institutions pay more attention to risk management trading accounts.Such huge fluctuations are usually attributed to 'tail risk' event.This article mainly analyses the related risk management experience of Goldman Sachs,and put forward related ideas for our financial institutions to deal with the risk of trading accounts.