The Importance of Conducting Risk Management Assessments in the Financial Market
Guru besar bidang Manajemen Keuangan dan Risiko Pasar Fakultas Ekonomi dan Bisnis (FEB) Universitas Indonesia (UI) Prof. Zaafri Ananto Husodo mengatakan, pentingnya melakukan pengkajian pengelolaan risiko pasar dan keuangan.
Prof. Zaafri emphasized that the main challenge of the current financial world is not only in the high volatility, but also in the increasingly close interconnectedness between markets, liquidity pressures, changes in investor behavior, and acceleration of digital innovation.
Furthermore, he explained that market risks can no longer be understood from only one indicator or one asset class. Stock markets, bonds, currencies, and commodities are now increasingly connected to a digital asset ecosystem that moves almost without pause.
In such situations, small shocks can stop as ripples, but also have thepotential to grow into systemic turbulence if the transmission channels arenot well understood.
"Measuring the uncertain is the foundation of scientific work; managing the risky is a professional and social trust," he said, quoted by Antara, Wednesday, April 8.
He also elaborated that volatility is not just a statistical figure, but a symptom of deeper interactions between liquidity, market participants' behavior, information flows, uncertainty, and transaction technology.
Therefore, market risk management needs to be built on a thorough understanding of the market risk architecture - that is, the structure that determines how shocks are formed, move, and affect the stability of the financial system.
Through his book and series of research, Prof. Zaafri also encourages the development of the science of financial management and market risk that does not stop at the aspect of measurement alone.
He emphasized the importance of building a methodology that is relevant for Indonesia, strengthening collaboration between academics, regulators, and industry, and preparing talent who have data literacy, risk literacy, and model ethics.