Research On Enterprise-wide Risk Management Of The Southern Futures Basd On COSO-ERM

In recent years, the futures market is developing rapidly. Since the Introductionof stock index futures contracts in April2010, the homogeneous competition offutures market has become more intense. Meanwhile, with innovative business offutures launched successively, on the one hand this offers great opportunities to thefutures companies, the other this demands the futures companies of Moreenterprise-wide risk management. Therefore, in the new situation, how to effectivemanage the risk has become a very important issue.In this paper, based on the mature foreign enterprise-wide risk managementtheory, and the definition of the key risks which the Southern futures company facingfrom the characteristics of bussiness and operational aspect, and in understanding thekey business processes and rules and regulations, combined with the company’scurrent risk management status, proposed risk management problems in the Southernfutures company at this stage. From the start of the COSO enterprise-wide riskmanagement system, this article put the recommendations how to build a soundsystem of risk management, in order to help company to prevent and avoid risks,andget well done the risk management. This article consists of fifth parts as follows: first,discuss the development of the risk management of the futures industry and the thoeryof the risk management. Second, discuss the risks associated with the futures comany,and the COSO-based enterprise-wide risk management theory, based on theCOSO-based enterprise-wide risk management theory, suggest the risk managementframework of this article. Third, Introduce the basic situation of the Southern futurescompany and the industries, discuss the company’s key business processes and risk atthis stage, devoted to the development and business processes and risk of innovativebusiness, such as the futures investment consulting, foreign futures brokerage andasset management business, etc. Forth, based the brokerage business, from the overallrisk management, market risk management, operational risk management, technologyrisk management and compliance risk management, explore the development statusand problems of the company’s risk management. Five, put forward correspondingcountermeasures on how to establish and improve the Southern futures company’senterprise-wide risk management system.