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risk measurement and management

risk measurement and management JVDJe
The 2008 financial crisis caused seriously negative influences on all aspects of the economy in general and the capital market in particular, leading to the systematic collapse of series powerful corporates. As a response to the global financial crisis, urgent missions are to enhance ability of market participants to handle shocks from financial stress by improving risk measures as well as the estimation of risks and promote standard principles to help bank and financial institutions to keep the financial stability. The role of risk management is becoming more and more important in business goals, and risk measurement models are quickly becoming one of the hot topics of the financial world as an inevitable consequence. In the context that the global economy is facing many difficulties nowadays, especially the significant impact of the coronavirus pandemic, the financial market of each country is confronting with many uncertainties and potential risks. Hence, the question that arises is how to measure and manage risks in the financial industry? In order to control risk effectively, an essential requirement is to develop measures of financial loss. Up to now, there have been many indicators and methods of measuring financial risk are being applied. The Value at Risk (VaR) is one of the most popular methods to measure financial risk in the market risk management and the credit risk of the portfolio. The VaR was developed by JPMorgan (1994) and was popularized as market risk measure for banking regulators. The Basel Committee on Banking Supervision (BCBS) then required financial institutions to meet capital requirements on the basic of VaR estimate, that demonstrated for the attractiveness of VaR. However, VaR still has limitations both on theoretical and practical aspects. A recently new approach to measure the market risk portfolio in financial field is Expected Shortfall (ES), which is considered as remedy for the deficiencies of VaR.
The 2008
You use this word too often, consider replacing it with
financial
crisis caused
seriously
This phrase/word is too simple and can be replaced with:
negative
influences on all aspects of the economy
in general
and the capital
You use this word too often, consider replacing it with
market
in particular
, leading to the systematic collapse of series powerful
Possible spelling mistake found.
corporates
. As a response to the global
You use this word too often, consider replacing it with
financial
crisis, urgent missions are to enhance ability of
You use this word too often, consider replacing it with
market
participants to handle shocks from
You use this word too often, consider replacing it with
financial
This phrase/word (depending on the context) can be potentially replaced with :
stress
by improving
You use this word too often, consider replacing it with
risk
You use this word too often, consider replacing it with
measures
as well
as the estimation of
You use this word too often, consider replacing it with
risks
and promote standard principles to
This phrase/word (depending on the context) can be potentially replaced with :
help
bank and
You use this word too often, consider replacing it with
financial
institutions to
This phrase/word (depending on the context) can be potentially replaced with :
keep
the
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financial
stability. The role of
You use this word too often, consider replacing it with
risk
management is becoming more and more
This phrase/word is too simple and can be replaced with:
important
in business goals, and
You use this word too often, consider replacing it with
risk
measurement models are
quickly
becoming one of the hot topics of the
You use this word too often, consider replacing it with
financial
world as an inevitable consequence.

In the context that the global economy is facing
This phrase/word is too simple and can be replaced with:
many
difficulties nowadays,
especially
the significant impact of the coronavirus pandemic, the
You use this word too often, consider replacing it with
financial
You use this word too often, consider replacing it with
market
of each country is confronting with
This phrase/word is too simple and can be replaced with:
many
uncertainties and potential
You use this word too often, consider replacing it with
risks
.
Hence
, the question that arises is how to
You use this word too often, consider replacing it with
measure
and manage
You use this word too often, consider replacing it with
risks
in the
You use this word too often, consider replacing it with
financial
industry? In order to control
You use this word too often, consider replacing it with
risk
effectively
, an essential requirement is to develop
You use this word too often, consider replacing it with
measures
of
You use this word too often, consider replacing it with
financial
loss. Up to
This phrase/word (depending on the context) can be potentially replaced with :
now
, there have been
This phrase/word is too simple and can be replaced with:
many
indicators and methods of measuring
You use this word too often, consider replacing it with
financial
You use this word too often, consider replacing it with
risk
are
being applied
. The Value at
You use this word too often, consider replacing it with
Risk
(
Possible spelling mistake found.
VaR
) is one of the most popular methods to
You use this word too often, consider replacing it with
measure
You use this word too often, consider replacing it with
financial
You use this word too often, consider replacing it with
risk
in the
You use this word too often, consider replacing it with
market
You use this word too often, consider replacing it with
risk
management and the credit
You use this word too often, consider replacing it with
risk
of the portfolio. The
Possible spelling mistake found.
VaR
was developed
by JPMorgan (1994) and
was popularized
as
You use this word too often, consider replacing it with
market
You use this word too often, consider replacing it with
risk
You use this word too often, consider replacing it with
measure
for banking regulators.
Three successive sentences begin with the same word. Consider rewording the sentence or use a thesaurus to find a synonym.
The
Basel Committee on Banking Supervision (
Possible spelling mistake found.
BCBS
) then required
You use this word too often, consider replacing it with
financial
institutions to
This phrase/word (depending on the context) can be potentially replaced with :
meet
capital requirements on the basic of
Possible spelling mistake found.
VaR
estimate, that demonstrated for the attractiveness of
Possible spelling mistake found.
VaR
.
However
,
Possible spelling mistake found.
VaR
still
has limitations both on theoretical and practical aspects. A recently new approach to
You use this word too often, consider replacing it with
measure
the
You use this word too often, consider replacing it with
market
You use this word too often, consider replacing it with
risk
portfolio in
You use this word too often, consider replacing it with
financial
field is
This phrase/word (depending on the context) can be potentially replaced with :
Expected
Shortfall (ES), which
is considered
as remedy for the deficiencies of
Possible spelling mistake found.
VaR
.
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IELTS essay risk measurement and management

Essay
  American English
2 paragraphs
308 words
5.5
Overall Band Score
Coherence and Cohesion: 5.5
  • Structure your answers in logical paragraphs
  • ?
    One main idea per paragraph
  • Include an introduction and conclusion
  • Support main points with an explanation and then an example
  • Use cohesive linking words accurately and appropriately
  • Vary your linking phrases using synonyms
Lexical Resource: 5.0
  • Try to vary your vocabulary using accurate synonyms
  • Use less common question specific words that accurately convey meaning
  • Check your work for spelling and word formation mistakes
Grammatical Range: 6.5
  • Use a variety of complex and simple sentences
  • Check your writing for errors
Task Achievement: 5.0
  • Answer all parts of the question
  • ?
    Present relevant ideas
  • Fully explain these ideas
  • Support ideas with relevant, specific examples
Labels Descriptions
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    Currently is not available
  • Meet the criteria
  • Doesn't meet the criteria
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