Data Analysis for Risk Management—Economics, Finance and Business: New Developments and Challenges.

Finally, in the last decade of the twentieth century, the other classes of derivatives were introduced: credit derivatives, catastrophe derivatives, weather derivatives and property derivatives. The development of the theory and practice of risk management is closely related to the emergence of different risks. The rules proposed by the Basel Committee initially covered credit risk, but then grew to include market risk, operational risk and liquidity risk. This refers in particular to equity derivatives, currency derivatives, interest rate derivatives and commodity derivatives in the form of options, futures, forwards and swaps. [Extracted from the article]