Research On The Comprehensive Management Risk Evaluation Of Everbright Group Based On Shapley Value Method

The financial holding company is one of the most important financial institution reforms in the late 20 th century.This reform is the result of the diversification of social financial demands and interest demands of financial enterprises.Because financial holding companies have the advantages of scale economy and scope economy,the mixed operation mode represented by financial holding companies has gradually become the development trend of the global financial industry.However,financial holding companies also contain potential conflicts of interest,risk contagion and other problems,and their risks need to be regulated.In China,with the development of economy and society,the increasingly fierce market competition and the policy restrictions of separate operation,financial holding companies have become the main means for financial enterprises to grow bigger and stronger,evade the policy restrictions and expand other business areas.In terms of the future development trend,mixed operation is the inevitable trend of the development of domestic financial industry,and financial holding companies will also become an important carrier.In this case,how to evaluate the comprehensive management risk of financial holding companies,internal risk structure and what internal control should be adopted to control the risk is a theoretical and practical research topic.On this basis,this article with everbright group as an example,summarizes the existing literature at home and abroad,based on the analysis of the special potential risks facing the everbright group,and through the empirical analysis to solve the relevant variables,using the formula of shapley value decomposition everbright group three financial subsidiary system importance,evaluated the everbright group comprehensive risk management,internal risk structure,draw the following conclusions.First of all,the internal risks of everbright group are relatively concentrated.Everbright bank and everbright securities contribute most of the financial risks of everbright group.Therefore,no matter which of the financial subsidiaries has problems in operation,it will inevitably endanger the whole everbright group.On the other hand,everbright yongming’s increased systemic importance after the scale adjustment also shows that risk control of insurance subsidiaries cannot be ignored.From size,risk alternative than the default rates and everbright bank systemic risk higher than light big securities and everbright everbright,everbright bank default rate on the rise,everbright securities default rate is relatively stable,everbright everbright default rate is on the decline,and everbright bank systemic risk ratio is higher than the ratio of the size of its assets,namely,systemic risk increases the speed higher than that of everbright bank assets scale expansion,this may be due to Banks in the financial industry in a core position,and the banking industry development has reached a certain scale,scale is gradually diminishing marginal benefit;Secondly,from the perspective of the influence factors on the systematic importance of the three subsidiaries,size,default rate and common factor load all have an impact on the systematic importance of the financial subsidiaries.The common factor load is the most sensitive,followed by size,and the default probability is the least sensitive.Third,from the business development trend,the risk of banking business has increased,the security business is stable,the risk of insurance business has decreased.In general,everbright group comprehensive management risks controllable.Finally,on the basis of the risk management theory of financial holding companies,this paper puts forward internal and external regulatory countermeasures and Suggestions on the risks of financial holding companies,with everbright group as the typical representative.