The Research On Risk Management Of M Futures Company Brokerage Business

In April 12, 2011, China Securities Regulatory Commission formally announced the "Futures Company" clear classification regulation, risk management capability evaluation index of Futures Company in accordance with the "assessment index and standard" Futures Company risk management were evaluated, embodies the Futures Company of various risk control ability and management ability. In 2013, eighteen party 3 in plenary meeting on deepening the reform of comprehensive, has made important deployment to improve the financial market system, puts forward the guarantee for safe and efficient operation of financial markets and overall stability requirements. This is a basic principle of M Futures Company and regulate the development of brokerage business and regulatory departments to carry out the work.The ability to control the risk is one of the core competitiveness of the Futures Company. M Futures Company is mainly engaged in the futures brokerage business, so the M Futures Company’s risk management capability is mainly reflected in the risk of brokerage business process control ability. Based on the deep analysis on the existing M Futures Company brokerage business status and the problems in the risk management foundation, absorbs the domestic and foreign experts and first-line management experience, the use of quantitative and qualitative analysis of the risk model. On the basis of the risk management process of M Futures Company brokerage business risk identification risk assessment risk measure--- Analysis of risk control, risk that the Futures Company M brokerage business is the main market risk, management risk and operational risk. According to the marketing behavior existing in the risk management of the M Futures Company brokerage business is not standardized, open an account link operation is not rigorous, transactions in illegal, customer service link risk identification ability needs to be improved, the ability of risk management needs to be strengthened and other issues, put forward the corresponding improvement measures. First, strengthen internal supervision norms marketing behavior. Through the promotion of staff quality, innovative services, strict implementation of internal marketing management system, standardize futures broker intermediary behavior, investigation and risk, implement rectification marketing behavior of Futures Company on the standard. Second, strictly abide by the account management system. In particular should strictly abide by the account opening information audit system, strictly abide by the account opening process. Again, strengthen the supervision of trading behavior. Especially the establishment of scientific and perfect customer feedback system, strengthen the computer equipment management, strengthen the monitoring, earnestly implement the abnormal trading investigation, effectively prevent the occurrence of managing money for clients and abnormal trading behaviors. Also, to improve risk identification ability of customer service, customer service link effective prevention of new risk. Finally, strengthening the internal control standard, consolidate the foundation of risk management. Improve staff awareness of risk prevention, the establishment of the layers of risk prevention mechanisms, the establishment of an effective monitoring mechanism, establish customer complaint handling and accountability mechanisms, enhance investor education, improve investor risk control consciousness, comprehensive prevention futures brokerage business risk.