A Study On Risk Regulation Of Financial Derivatives

Since the 1980s,when the financial derivatives in international financial market are just starting on the stage,the world has begun to appear a fresh wave,namely the financial liberalization. The speed and scale of the development of the derivatives facilitate,is a massive challenge to the old world economy and content,this situation has caused attention by national financial institutions,government agencies,and accounting supervision authorities. During this period,a large number of financial derivatives have come to China financial markets through various channels,such as stock derivatives,interest rate derivatives,foreign exchange and futures,etc. In recent years,the financial derivatives markets in China are developing rapidly. In September8,2006,the first financial futures exchanges market established in Shanghai. To promote the financial derivatives markets in the development of our country,our financial futures exchanges in the innovation constantly,such as product innovation,system innovation and technological innovation,etc. And in the development of the foreign futures exchange and treasury futures,at the same time,it will increase research the stock index futures and options.From the current domestic situation,the financial derivatives have been used for hedging and risk investment in many companies. The benefit for the enterprise,but also brings great difficulties to the derivatives risk monitoring. How to play the advantage of financial derivatives and strengthen the risk monitoring,has become the most popular research topic. Of course,the Subject research has made significant breakthrough for scholars all efforts,as well as the international financial institutions to cooperation. However,due to the development of varieties of financial derivatives is very fast,it also makes difficulty to us in understanding and grasping the derivatives. Therefore,in terms of the existing research results,combined with the new situation, continuously to research and discussion in the financial derivatives risk monitoring and further, is very realistic.This article mainly adopts standard research methodology,and follows the principle of combining theories with practices;the article is divided into five parts: the first part is introduction,mainly about the background and significance of research,bibliography,and the research methods and structures,etc. Part two introduces the basic theory of financial derivatives and introduces the basic theory of derivatives risk. Based on the status quo of risk control,part three is writing the problem about financial derivatives risk monitoring in investors professional ability, the enterprise internal control system,internal supervision information and communication,and external supervision means issues. Pointed out the causes of problems. Part four mainly focuses on the advanced experiences and lessons of risk control,and get some enlightenment. Through the analysis of the causes and foreign experiences,part five puts forward seven Suggestions,respectively is the standard subject investment behavior,perfecting internal control mechanism,establish the reasonable structure,rational design of the system and the business process, establishing just-in-time accounting control system of derivatives,strengthen information disclosure in the financial statements,perfect financial derivatives of external supervision.At present home has more and more scholars begin to financial derivatives were studied, and the research mainly is to absorb foreign financial engineering theory, the use of large mathematical model of financial derivatives, to study the risk monitoring and analysis of their research efforts of financial derivatives, focus on the actual operation of the technical analysis. Through the study, China is now in the financial derivatives field accumulated a wealth of valuable experiences. With the beneficial experience, we can create a more perfect laws and regulations to circumvent the derivatives transaction risks, can make full use of derivatives is a unique properties win profit. The risk control in a certain range, help the healthy and steady development of the market, the tragedy of the subprime crisis will no longer.