Research On Risk Assessment Of Financing Guarantee Institutions Under Comprehensive Risk Management

In order to solve credit shortage and financing problem of small and medium size enterprises, financing guarantee industry emerges and develops rapidly with the promotion of central government. As a special arrangement of financial institution, financing guarantee industry plays an important role in guiding social resources allocation, guaranteeing capital financing and ameliorating financing environment for small and medium size enterprises. However, there are plenty of violation events happened frequently in recent years, such as illegal loan, illegal fund raising, which have drawn the great attention to the issues of risk management of financing guarantee. Economic and social effects of financial guarantee industries are prominent increasingly.As a quasi financial institutions in information collection, risk handling and risk-sharing, financing guarantee institutions are aimed to evaluate the risk effectively, which not only benefits for financing guarantee institutions to do risk management smoothly, to realize value added and sustainable development, and provides decision supporting for the investors and supervision departments, but also enriches and improves the financing guarantee theory and risk management theory.According to these problems mentioned above, this paper attempts to study through the following four aspects:First of all, reviewing the theory of enterprise-wide risk management and financing guarantee, then pointing out the necessity and importance of introducing the enterprise-wide risk management theory into the area of risk assessment on financing guarantee institutions; Secondly, from two aspects-the historical process and challenge, the current situation on risk management of financing guarantee institutions is analyzed. And the result shows that the lack of employee risk awareness, risk identification ability, high-quality talents, risk management mechanism and too small size of guarantee agency are the core factors that restricts its ability to resist risks; Thirdly, considering the characteristics of the financing guarantee industries, on the guidance of the internal risk, the index system of the entire risk of them can be constructed of five dimensions---capital operation, human capital, the principles, policies and means of the risk management, guarantee business risk and profitability. Finally, taking A financing guarantee corporation as an example, the risk assessment model is proved to be feasible. The empirical results shows:(1)It has been proved that the method is very effective in practical situation. It is effectively predict the future developing trend of A financing guarantee corporation and satisfy the internal demands of the external stakeholders; (2) It could reflect the affecting degree all risk indexes imposing on the assessing corporation entity risk to offer the decision support for the managers.The innovation of this thesis shows in two aspects:firstly, considering the characteristics of the financing guarantee industries, an assessing index system for the financing guarantee industries is set up based on the enterprise-wide risk management theory of COSO; The second is to adopting an innovative approach. On the basis of the identification and analysis of the financing guarantee industries’internal risk, the entity risk of financing guarantee industries is assessed by the means of AHP and extension synthesize evaluation in this thesis.