weitere Definition/Aussage aus den USA über die Bedeutung
von Financial Engineering:
financial world becomes increasingly complex, financial and
non-financial institutions are actively working to manage
risk—whether market risk (interest rate risk, equity
risk, commodity risk, currency risk), credit risk (default
risk and migration risk), or various types of operational
risk, which can comprise thousands of correlated positions.
In investment banking, numerous intricate structures used
to increase investor returns as well as reduce various types
of risk have come to the market, such as CMOs (Collateralized
Mortgage Obligations) and CDOs (Collateralized Debt Obligations).
Mathematics and Computer Science are two critical tools for
valuing and managing institutions’ complex risks and
This is precisely where Financial Engineering comes in, applying
Mathematics and Computer Science in order to value and reduce
risks in the financial sector and thereby avoid, or at least
reduce, financial crises.