Research On Risk Management And Control Of Financial Company Of Enterprise Group

Financial company,resulting from our government strategy "large-scale enterprise group",has gone through 22 years.With continuous improvement,financial company has became a significant component of domestic financial system and an indispensable role in the growth of enterprise group and the reform of economic system.However,due to its relatively short duration,there exist shortages in monitoring structure and systems,which lead to controlling incapability of its risk.In recent years,a series of events of improper conduct and business failure occurred,and aroused the regulators' close attention.In order to relieve the pressure of criticism, The China Banking Regulatory Commission plans to frame "Internal Control Guidance for financial company" to direct internal control.Therefore,it's of great significance to commit a research on risk management and control of financial company,no matter on practical or theoretical aspects.Consulting the financial company operation in Germany,this study tries to carry on a systematic analysis of internal risk management and control in Chinese financial company,theoretically based on "Enterprises risk management-integration framework".This dissertation consists of five chapters:the first is introduction to the research background,practical and theoretical necessity,and the significance to build the risk control system for the financial company in China.The second presents the correlative theory,including definition and development,and reviews of both prior domestic and foreign academic literatures.The third focuses on a case-study of German financial company risk control,which begins with the reason to choose this case,and then concentrates on the analysis of the controlling activities in Siemens and Volkswagen financial services AG.,for the purpose of future reference in China.The fourth reviews and analyzes our financial company's development history and current situation,and addresses the risks different from what we encountered in commercial bank.According to eight factors in ERM framework,the fifth chapter rebuilds the internal risk control systems in our financial companies,which is the core of this dissertation.