| In modern economy society, the risk is a barrier that people have to work hard to avoid and overcome. In the securities industry with high risk, a corporation playing the role of an investor and middleman, and service provider as well, is confronting with much serious challenges and potential hazards. Therefore, to protect and dissolve from financial risk is an important agenda for the securities corporation. This thesis takes the securities corporation as an example, analyses all kinds of risks and their contributing factors in great detail, especially dissects the relations between the perfect administration structure of securities corporation and the precaution of managing risk, approaches the roles of the 4 main management businesses in risk administration work, and provides countermeasures for developing and utilizing the risk administration systems by combining a few of typical securities cases and the foreign advanced experiences in the field of risk administration , at the same time some positive macro-suggestions for the risk administration are provided too. In this paper the utilization of quantified risk measurement technology to risk precaution is especially emphasized .The logical structure of this thesis consists of two parts. In the first part , we analyze the risk and reasons that a securities corporation in China is facing at present, then develops a securities corporation risk control system based on the realities in China by the ways of advanced qualitative management pattern from oversea . In the second part , we consider the existing situations that market risks became a major problem to a securities corporation , we have a method to measure developed market risk by adopting an advanced quantitative model VAR which is popular internationally ,and we focus on studing Risk Metrics ( Var-Covar) application in securities market of China practically . We conclude that VAR model is useful and effective at controlling market risks in China by our analysis and test. |
PDF Full Text Request