Abstract

Systemic risk refers to the risk or probability of breakdown (losses) in individual parts of components and is evidenced by co-movements (correlation) among most or all parts . The typical case is the subprime mortgage crisis which began in Feb 2007 and hasnpsilat finished yet, brings big loss to nearly all the financial institutions around the world. In this paper, ontology for systemic risk management in financial institutions is proposed and then an ontology based multi agent system is designed to support decision making for systemic risk management in financial institutions.

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