Research On Liquidity Risk Management Of Financial Companies Of YD Enterprise Groups

From the work of the fifth National Financial Conference in July,to the 19 th National Party Congress in 2017,and to the Central Economic Work Conference in December,we have set the direction for the development of the financial sector in the next five years and set the tone of work for steady progress.In order to ensure steady development and strictly control financial risks,the regulatory agencies have successively issued a number of financial supervision policies.The financial industry has created a healthy and orderly financial environment for the real economy by focusing on the three tasks of serving the real economy,preventing and controlling financial risks,and deepening financial reform in an environment of sound and neutral monetary policy and "strict supervision"."Risk prevention" and "strict supervision" are the keywords of the financial industry in recent years,which puts forward higher requirements for the risk control ability of financial companies as non-bank financial institutions,and liquidity risk management is an important part of financial company risk management.Therefore,it is necessary to study the liquidity risk management of financial companies.Based on the theory of liquidity risk management of finance companies,this paper further makes contact with the specific operations of YD Group finance company in liquidity risk management,and understands the management process through reading the relevant company system documents.The relevant index is compared with the "13th Five-Year Plan" of the company and the overall level of the industry.From the four directions of liquidity risk management environment,monitoring,evaluation and response,this paper introduces the current liquidity risk management framework of the company,analyzes the current liquidity risk situation,and shows that there are certain liquidity risks.On this basis,this paper further analyzes the problems in liquidity risk management and puts forward relevant countermeasures,especially by improving the liquidity gap(surplus)table,improving the use and operation of stress tests.At the same time,this paper proposes to improve the pricing mechanism of the loan interest rate,in order to improve its liquidity risk management level.Through the case study of YD Group Finance Company,this paper concludes that: Overall,YD Group Finance Company's development status is good.In terms of environment,monitoring,assessment and response,there are certain institutional requirements.However,there are problems about the source of funds,the single way of use,and the mismatch of the maturity of assets and liabilities.The liquidity risk is inevitabe.At the same time,YD Group's financial company has shortcomings in liquidity risk management.In the case of liquidity risk management,there is a lack of advanced indicators and methods for dynamic management of liquidity risk.The liquidity gap(surplus)table is insufficient in terms of projects and deadlines,and it can not assess liquidity risk very well.Managers do not have good risk management skills;Fail to consider the impact of interest rate marketization on liquidity risk;Lack of experience in dealing with liquidity sudden risks.Finally,YD Group Finance company needs to keep on improving liquidity risk management.YD Group finance company can improve the liquidity risk management environment;Improving the early-warning mechanism;Improving the liquidity risk assessment measures and emergency measures,in order to improve the company's liquidity risk management ability.