The Management Of The Interest Rate Risk Of The Commercial Banks Under The Situation Of The Interest Rate Marketization

Since the eighties, economic integration, the financial liberalization tide Sweeps across the whole world. Interest rate marketization is an important content of the financial liberalization. Its essence is that the government transfers the interest rate control right and makes the interest rate based on Bench Mark fluctuate freely with market supply-demand relationship. The theory and practice of the different countries shows that the interest rate liberation can promote the interest rate to move towards the balanced level of the interest rate, is good for transforming the social spare fund to the bank fund and transforming the bank fund to the social investment. At last, it can enhance the quantity and quality of the social investment and promote the healthy development of a country's economic. The interest rate marketization is the indispensable stage of a country's economic development, and is historically inevitable. But, it must be noticed that during the process of the interest rate marketization, great changes of the interest rate level and structure will appear, the interest rate fluctuation will become acuter, at the same time, because the market mechanism of a country is not perfect, the reform of the property right has not finish, the financial market is not advanced, the adaptability to the environment is poor, the commercial banks will lose income of the interest margin and the market value will decrease and even the survive of the commercial banks will be threatened. Even after the interest rate marketization, the situation in which the interest rate will fluctuate with the macro and micro environment will not change, so the commercial banks will face the interest rate risk as before, the ability and level of a commercial bank to manage the interest rate will decide its survive and competition ability. In order to avoid the interest rate risk and even increase the profit under good situation in the fluctuation of the interest rate, the western commercial banks tackle the situation that the interest rate risk aggravates actively, they not only pay attention to the interest rate risk organizational construction but also study the risk management technology and tactics of interest rate actively and has made certain result. Because for a long time, interest rate control is executed in our country, the interest rate fluctuation has not much effect on the commercial banks, So, the interest rate risk management consciousness of the native commercial banks is blur, the cnthusiasm to study the interest rate risk management methods is not high, all these make the ability of the...