Research On Risk Management Of MD Network Loan Platform Based On COSO-ERM (2016)Framework

With the introduction and promotion of the Internet technology after 2000,the traditional financial industry by the huge impact suffers troubles like large-scale layoffs,pay cuts and putting up the shutters.In this context,the Internet financial arises at the historic moment,P2P,namely Peer-to-Peer Lending,which means collisions with investment intention and financing demand between individuals on the platform.P2P network was born in Britain in 2005,and network's purpose is to realize the pratt&whitney financial loan.The capital transactions based on virtual network,however,is associated with certain risks.After 2014,many large P2P platforms failed,and disturbed the social economic order.This is largely due to the phenomenon that the risk management of platforms does't reach the designated position.Good risk control level is the key to P2P's winning,thus constructing a risk management framework of P2P network loan platform is of great importance and necessity.The first chapter is the introduction.The second chapter introduces theoretical basis of P2P network and financial risk,as well as the comparative analysis of the COSO-ERM between 2004 and 2016 edition.The third chapter brings in MD credit platform,introducing platform overview and the existing-risk management level.The forth chapter is key factor,and builds up MD's COSO-ERM framework of the "cube".And the paper introduces objectives,five elements,whole process and participants of the framework of risk management in detail,fully showing the comprehensive risk management level of MD lending platform.The fifth chapter is the case recommendations and enlightenment,coming up with the recommendations for the MD's risk management and expressing some expectations to the outside society.The last chapter is the research conclusion and prospect,highly summarizing this paper and putting forward the limitations and deficiencies in this paper.The COSO-ERM framework is a model for global enterprise risk management,and the paper builds the risk management framework of P2P platform based on the latest COSO-ERM(2016)framework,and takes the MD lending platform as an example to show the application of the framework.This is the core content and innovation of this paper.This paper comes to the following conclusions:P2P businesses need to balance risk and return,risk management ability is the life of P2P enterprises,and building a COSO-ERM framework is the trend of the times.