证券公司的内部授权与风险管理

Research on internal authorization and risk management in securities corporations

首先论述了授权的主要原则、内容以及证券公司授权的特殊性,随后重点阐述了证券公司内部授权与风险管理的关系和动态作用机制,二者相互依存、相互作用。有效的风险管理要求授权控制方法灵活多样,同时也对授权权限产生重要影响。反过来,授权的合理与否也将直接影响证券公司的风险管理水平。认为建立起完善的风险预警、风险评估、风险控制等风险管理体系,便可在授权前、授权中进行有效的风险防范和控制,在授权后进行有效的评价,并据此进行适当的调整与反馈,如此往复,便可建立起授权管理的良性循环机制。

Main principles,aspects and specific attributes of internal authorization are dealt with in the first part of this paper. Based on this,the relationship and interaction mechanism between risk management and internal authorization are analyzed with great efforts. Conclusions reached are that effective risk control has profound influences on internal authorization,which should be implemented well enough and modified in accordance with changes in external and internal risk environments. This paper suggested that risk management systems, including risk reorganization,evaluation,and control,should be established in order to improve the authorization management in securities corporations. A well-organized interaction mechanism between authorization and risk management should be founded in order that prompt and necessary remediation to authorization could be made according to changes in risk environments.