The Analysis Of The Internal Control And Operational Risk Of The Securities Firm's Proprietary Business In The Case Of "8.16" Everbright Oolong Incident

Securities company is an important part of China's financial system.As an important role in the national financial system,securities companies can be healthy and continuous operation,directly related to the security and stability of the national financial system.2007 July,the financial crisis came,so that each person in the financial industry began to examine the securities company's proprietary business again,also began to evaluate affection of securities companies' self-operated business to the whole financ ial industry.In April 2011 the Commission published "The investment scope of the proprietary trading business of securities companies and related matters and regulations" to further clarify the securities company of investment of securities.But the history of the past and now,numbers of securities companies,because of proprietary business,fall in to the predicament or face fines problems,suffered endless stream of events.How to improve the ability of self-business risks and reduce the risk of self-business for securities companies,which is a subject of practical significance.On the basis of drawing lessons from the actual cases,according to the previous classification of internal control and operational risk,from 2002 to 2016,securities company's proprietary business failure cases were extracted and summarized.The expos ure of internal control factors and operational risk factors were classified into the fact or model,to find out that factors play a major role in eight factors of reclassification.The factors selected and renamed according to proprietary business and operational risk.Finally,bring the representative of these new factors into the 8.16 Everbright Oolong,analysis the cause of the incident t,and put forward relevant countermeasures.The main conclusion of this paper is: the problem of the self-owned business of securiti es companies is composed of two aspects: internal control and operational risk.But these two aspects are not independent of each other or simple relationship.We should combine the internal control factors andthe operational risk factors into a whole model.We should focus on the main part of the two,and the interaction between them is expressed by the factor model.At this point we can reextract the main problems that exist in the business,including three aspects: personnel feedback factors,information com munication factors and business supervision factors.The supervision and management of proprietary business should not to be a mere formality and surface thing.And internal control management and operational risk management should not be independent.We should focus on relationship between them.The possible influence in every part of the management factors reduced to the specific suggestions.Proprietary business management standards should be improved.