Research On The Assessment Method Of The Operational Risk Of State Treasury

The State Treasury is an essential promise in maintaining the healthy operation of the government, enhancing the public services, promoting the development of the economy, ensuring the stability of the society. And it is also an important source to the liquidity of the central bank. The management and operation of the state treasury is a fundamental job for the management of the state budget, and for the implementation of the macroeconomic policy of the central bank. It functions as a conjunction point of the fiscal policy and the monetary policy, which proves its great importance in fiscal and monetary activities, and to a broader sense, in the entire market economic activities as well.The main purpose of this article is to make a detail analysis upon the Operational Risk Assessment (ORA) which is a core process of the Operational Risk management of the state treasury. In this analysis, we will build up an ORA model for the state treasury in reference to the Operational Risk management theory of commercial banks. This discussion could also be a theoretical basis for the reevaluation of the state treasury risk management method.The first part of this article introduces present studies upon the Operational Risk of the state treasury, and makes some compare between several different risks assess methods.Detailed definition upon the Operational Risk of the state treasury is given afterward, by introducing the identifying methods of the Operational Risk of the state treasury, grouping out different risks according to some useful perspectives, analyzing the characters of the Operational Risk process of the state treasury, and presenting some questions and obstacles of the risk managing process we are facing today. In the fourth part, both AHP and Fuzzy Synthetic Assessment are used to build up an ORE model for the state treasury. And specific example is given to empirical analyze the Operational Risk of the state treasury in A city.Summary are given at the end, with some questions still exist during this study.