Implementing Early -Warning System for Risk Management on Futures Commission Merchants: Case Studies in Taiwan.

• Main Authors: Chun-ching Huang, 黃春景
• Other Authors: none
• Format: Others
• Language: zh-TW
• Published: 2008
• Online Access: http://ndltd.ncl.edu.tw/handle/61289660802894214992

碩士 === 國立臺灣科技大學 === 財務金融研究所 === 96 === This thesis is based on the recommendations of research report entitled ”The adjustments of business risks early-warning system to clearing and non-clearing members of Taiwan Futures Exchange,” conducted by Shen Da Bai, professor at Accountant, Suzhou University. The project took 13 main warning indicators and 6 valuation groups simultaneously from beginning of May 2006 till the end of October 2006 as the first phase to conduct the research. The research weighted early-warning system indicators and their scoring as sampling, then to analyze to further discern the importance of the risk warning messages. Since those indicators are too sensitive in the evaluation process, the system employs 6 evaluation groups to adjust the indicator’s sensitivity for enhancing the risk analysis and improving the indicator’s efficiency. The project was then taking 6 valuation groups and 19 early-warning indicators from January to June in 2007 as the second phase. The system weights 19 main indicators for final grades and analyzes 6 valuation groups to further discern the importance of the risk warning messages. The system also employs 6 evaluation groups to adjust and reduce the sensitivity of those 19 main indicators for enhancing the risk analysis and improving the indicator’s efficiency. In conclusion, the work of business risk-warning can not just count on only one aspect. All the surveillance governing-systems have to complement with each other because there is none single surveillance governing-system could take account of every aspect. At the end of all, the auditor, or the executor, is more important than any warning system.