EVOLUTION OF RISK MANAGEMENT IN FINANCE

Nikitin Dmitry Nikolaevich

the scientific article presents the results of a research analysis of trends in the evolutionary development of the risk management mechanism in financial management. The relevance of the study on this issue is due to the fact that financial risks are the most common type of threat that negatively affects the economic security and sustainability of corporate business structures. Accordingly, financial risk management has been formed over a long history of evolutionary development, the purpose of which was to improve the methods and technologies of risk management in finance. The object of research is risk management. The subject of the study is the evolution of the development of methods and technologies of risk management in finance. The paper considers the main types of financial risks and the need for their management. A review of the main stages of the evolutionary development of risk management in finance has been carried out. To do this, we first consider the stages that are associated with global trends in the emergence of the concept of "risk management". Further, those stages that are associated with the development of risk management in finance in modern Russian practice are considered. In conclusion, the article found that the evolution of risk management in the financial management of Russian companies has led to the need to choose a strategy for a proactive approach, where risk management is integrated with various types of business processes and acts as a separate function of management activities.

Keywords:risk management; Management of risks; finance; financial risks; evolution of risk management; risk management technologies; risk management methods.