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约49亿欧元的创纪录交易亏损,终结了法国兴业银行衍生品行业最赚钱银行的声誉。法兴银行交易员的违规操作再次引起人们对金融衍生品市场安全的反思。通过本专题讨论,我们似乎可以看到,正是交易员的操作风险、银行的委托一代理关系面临的道德风险和市场系统风险,使一只蚂蚁有了撼倒大树的力量。而数年前的“中航油”事件也似乎在提醒着我们,金融衍生品风险离我们并不遥远。如何看待这些中、外金融衍生品事件,发现孤立、偶然事件之中的必然,更好地发展中国外汇衍生品市场,正是本专题的组稿意图所在。
About 4.9 billion euros record trading losses, the French Industrial Bank ended the most profitable derivatives industry derivatives bank reputation. The illegal operation of SGX traders once again aroused people’s rethinking of the safety of the financial derivatives market. Through this symposium, we can see that it is the operational risk of traders, the moral hazard and the market risk of the principal-agent relationship of the banks that an ant has a power to shake the big tree. A few years ago, “CAO” incident also seems to remind us that the risk of financial derivatives is not far away from us. How to treat these Chinese and foreign financial derivatives events and find that the inevitable and better development of China’s foreign exchange derivatives market among isolated and contingent events is precisely the intent of the draft of this special issue.