ABSTRACT
This chapter focuses on the impact of financial risk on the deepening of financialization. The growing importance of financialization will be associated with a build-up of the phenomenon of financial risk. The financialization of the economy means the mutual influence of the financial sphere and the sphere of material production. Difficulties associated with the nature of financial risk cannot interfere with the search for methods, which nevertheless should allow the measurement of financial risk. In financial risk management, a lack of loss forecasting possibilities enforces the introduction of the so-called hybrid management system. The possibility of closing open positions means minimizing exposure to financial risk. The dual nature of financial risk indicates that it is not possible to adopt a method of risk measurement, or it is necessary to seek methods of compromise towards this duality. The concept of black swans actually indicates an impossibility of financial risk measurement.
