Risk Management Of Consumer Financial Asset Securitization-

Consumer finance is an important field in finance and economics.In recent years,with the transformation of social structure and the upgrading of residents' consumption,many companies start consumer finance business through the internet platform and consumer scenarios in reality.At the same time,asset securitization in our country has been restarted since 2012,the policy support and the blowout growth of resident consumption have brought the rapid development of the securitization business of consumer financial assets.However,the securitization of consumer financial asset is facing a lot of problems.From the macro point of view,China's consumer finance asset securitization business started late,the relevant supporting policies and regulations are not perfect,there are many risk control problems.From microscopic,the financial asset securitization business operation in the actual consumption,due to its participation main body,project structure is more complicated,more greatly influenced by external policy factors,often cannot on asset securitization risk problems that exist in the reasonable and scientific control.Therefore,it is very important to study the risk management of securitization of consumer finance assets.Combing and analyzing the related concepts of asset securitization,consumer finance and risk management of related theory,with A company as A case,the consumption of financial asset securitization business in accordance with the risk management framework and analysis method for the problems of risk has carried on the theoretical analysis and discussion,and proposed the corresponding control measures.At the same time,based on the consumption of the risk characteristics of financial assets securitization itself,the risk of a financial asset securitization on consumption question has carried on the induction,and puts forward the rights from the original and the underlying asset risk control framework as the starting point.Taking A company as A promoter of consumer financial asset securitization for the specific case,by using the risk management framework of eight factors analysis,through the goal setting,event identification,risk assessment of the whole process analysis,put forward in the securitization project of A company,there is A strategic risk,market risk,operational risk,financial risk,legal risk and so on five kind of problems and puts forward the concrete risk control measures.In consumer financial assets securitization,should be based on the risk internal control framework system of the risk in the process of business execution efforts,the parties involved in the subject should be a clear risk internal control target,establish and improve the reasonable risk monitor system,scientific design under the framework of risk management,the internal control activities,to strengthen the control of the asset securitization business process and risk control.A company in this paper is a typical representative of Internet financial companies in China,through the case study of risk management,this paper puts forward the concrete risk control measures,and provides a complete analysis framework to the consumer finance asset securitization risk management in our country.