| As the core of economic activities, banking industry's security and stabilization is critical for economy. Since 1990s, scales of banks have enlarged rapidly, and the operation complexity has reached a now level. As a result, banks face more and more operational risk, which leads a series of striking failures in operational risk. How to evade operational risks and make loss minimum, become a hot topic of finance. So, in 2004, Basel Committee released " New Basel Accord", which takes operational risk into the framework of management, and puts forward the new requirement on measurement and management of international bank operational risk.In China, the weak awareness of operational risk of practitioner in bank, behindhand methods of risk management, as well as the lack to experience have led so many occurrences of case caused by operational risk, which make China so much economy loss and furthermore affect both social image of bank and the normal social order. As a result, how to take a correct attitude to operational risk and to establish a operational risk management system based on advanced management experience and lessons from failure to improve the operational risk management, become a problem, which should be solved as soon as possible.The author believes that Chinese banking industry, which is in the process of transformation, should study the advanced concepts and methods of risk management respite the fact that Basel II has not given enough consideration to the situations in developing countries and there are still different views on certain aspects of Operational Risk even within the international banking community. Although CBRC has stated that Basel II will not be implemented for the time being, through the regulations and directives by CBRC and PBOC, we can still feel the progress toward the international standards in China's regulatory system and standards of supervision. For now the immediate issues we need to resolve are how to lead the proper... |
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