I have a MSc degree in the area of Financial Mathematics, but I am doing research now in other field of stochastics. Could you please tell me about the most important problems of (stochastic) financial mathematics nowadays?
Are they only looking for new processes for they price of an asset (and solutions of corresponding pricing problems)? Maybe they also wondering about distributions of log-returns? - these are the problem which seems to be always actual and I remember it.
If there are any other striking problems? Please do not hesitate to make just suppositions - what are the important problems in your opinion.