Research On Risk Management Of Guarantee Business Of Financial Guarantee Company

Small and medium-sized enterprises,as an important vector of mass entrepreneurship and innovation,play an indispensable role in scientific and technological innovation,contributing to economic growth,increasing employment and promoting social harmony and stability,and play a strategic role in the economic and social development of a country.However,in the complex and changing economic environment at home and abroad,small and medium-sized enterprises are faced with increasing uncertainties in production and operation,increasing financing difficulty and rising financing costs.State financial guarantee institutions play an important role in addressing the financing needs of small,medium and micro enterprises,as well as agricultural and rural enterprises.However,due to the nature of their business objectives and services,financial guarantee institutions are exposed to a high level of risk.Therefore,effectively preventing and controlling the risk of the guarantee business of policy-based financing guarantee institutions is the key to ensure its function and sustainable and healthy development.This paper draws on relevant research by national and international scholars on financial guarantee risk management,takes the risk management theories of financing guarantee such as information asymmetry,transaction cost,credit enhancement and total risk management as guidance,and takes Y financing guarantee Company as a case to comprehensively analyze the guarantee business operation and risk management status of Y financing guarantee company.By interviewing the management of Y financing guarantee Company and analyzing 3 cases of financing guarantee projects based on compensation,this article reveals the risks faced by Financial Guarantee Company Y in carrying out its guarantee activities,as well as the main risk management issues and their causes,and designs and puts forward the improvement plan for the risk management of Y financing guarantee company’s guarantee business and the safeguard measures for its implementation.The research finds that the main problems in the risk management of guarantee business of Y Financing Guarantee company include: the new risk points brought by the "total-to-total" business model of Yinc,the imperfect performance evaluation and risk responsibility punishment system of guarantee business,the imperfect risk assessment system and internal supervision mechanism of guarantee business,and the increasing compensation pressure of some guarantee business projects.Therefore,the focus and direction of risk management optimization of Y Financing Guarantee Company’s guarantee business are established,including: Deepen and promote the risk sharing mechanism based on "total to total" of Bankarm,strengthen the risk control of the whole process of financing guarantee business,establish and improve the risk assessment index system of financing guarantee projects,build the risk early warning mechanism of financing guarantee projects,and improve the recovery and disposal capacity of financing guarantee projects after compensation.At the same time,it puts forward supporting measures for the implementation of the risk management optimization plan of Y financing guarantee Company’s guarantee business,including building an information management platform based on big data,creating a culture of financing guarantee company,strengthening the awareness of risk control,establishing and improving the cultivation and recruitment system of excellent talents,and actively seeking for the government’s financial subsidies and risk compensation policy support.This will promote the optimization and perfection of Y financing guarantee company’s guarantee business risk control system,which not only has guiding significance for Y financing guarantee company to improve its guarantee business risk management level,but also has certain reference value for similar financing guarantee companies to implement effective risk management.