Model Risk in Financial Markets: From Financial Engineering to Risk Management

Cummins, Mark; McCullagh, Orla; Murphy, Bernard

doi:10.1080/14697688.2016.1204709

Cited by 1 publication

(2 citation statements)

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“…Within the regulatory framework of Basel II and III, the use of models has gradually become an integral element of global banking and financial services activities on the financial market. The trend of financial market development, from financial engineering to model risk management, is of strategic significance to financial institutions and regulators [26]. Teaching reform of financial engineering majors can enhance discipline strength, which refers to the comprehensive strength of a discipline in academic research, teaching level, talent cultivation, and other aspects; the reform should conform to the development of the times, incorporate financial technology factors, and cultivate innovative financial talents [27].…”

Section: Discipline System Of Financial Engineeringmentioning

confidence: 99%

“…On this basis, we summarize the current domestic financial engineering professional education in terms of the curriculum system, curriculum, teaching methods, practice teaching and examination system, and typical questions. We take these five questions as the content of reform and a set of indicators and questionnaires to conduct a questionnaire survey of students majoring in financial engineering in colleges and universities in Wenzhou [24,26].…”

Section: Content Of Teaching Reformmentioning

confidence: 99%

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Interdisciplinary Teaching Reform of Financial Engineering Majors Based on the Analytic Hierarchy Process in the Post-Pandemic Era

2023

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In the post-epidemic era, the labor market has become increasingly complex, making it even more crucial to incorporate sustainability into employment demand. As we enter the post-pandemic era, a globalization trend has become more apparent. It is crucial to modernize employability through educational reform in order to assist employees in enhancing their professional skills. This study began by analyzing the importance of financial engineering practice instruction and graduate employability in the post-epidemic era. Second, the study proposed the content and a plan for inter-disciplinary teaching reform to address talent cultivation needs based on labor market requirements. Third, a face-to-face survey and interview were conducted with students affected by changes in teaching, and the results were analyzed and summarized. On this basis, the impact of education reform was evaluated using both the expert scoring method and the analytic hierarchy approach. The results indicated that the suggested financial engineering teaching reform program improved the school’s discipline strength, enrollment rate, employment rate, and competition awards, especially discipline strength. This research can be used to inform the teaching of financial engineering majors in various countries, assist job candidates in enhancing their professional skills, and build a formidable talent pool for the labor market.

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Section: Discipline System Of Financial Engineeringmentioning

confidence: 99%

Section: Content Of Teaching Reformmentioning

confidence: 99%