What are the characteristics of financial risks?

Financial risk has the following characteristics: uncertainty, complexity, correlation and dynamics. Uncertainty means that it is difficult to accurately predict the occurrence and degree of financial risks, which is affected by many factors. Complexity is reflected in the interconnection and cross-risk of financial markets, and one event may trigger a chain reaction. Relevance means that financial risks are contagious among different markets and institutions, and the problems of one institution may affect the whole financial system. Dynamic means that financial risks are constantly changing and are influenced by market conditions, policy adjustments and economic environment.