Research On Risk Management Of Payment System Of People's Bank Of China Shenyang Branch

The payment and settlement system is the indispensable infrastructure of the market economy, which is composed by the capital transferring rules, the payment service's offering organization and the way of realizing the capital's settlement. And, it is also one of the financial arrangements about the realization between liability and assets. With the growth in financial activities, the increase of payments and the integration of financial markets, the higher demand of efficiency, the establishment of a high information technology and electronic level payment and settlement system is necessary.From the beginning of 2000, China began to build the Advanced Payment System. After several years, the payment system has been completed, which includes High Value Payment System, Bulk Electronic Payment System, National Cheque Image Clearing System and auxiliary system. The traffic of the system has been increasing steadily, and now the payment system is playing an increasingly important role in improving funds flow speed and efficiency. However, with the development of technological, the increase of payment way and transactions, the payment system is facing more challenges, something like more and more risks of system design and operation management. We all know if the risks of the payment system break, the economic development, financial and social stability will be affected. As the builder, manager and one of the participants, the People's Bank of china should play an important role in the risk management of payment system.This article uses the method of framework analysis, induction, investigation and comparison, analysis the payment system problems of the People's Bank of China Shenyang Branch with the financial risk management theory, and tries to discuss the management and control of the system's risks. This thesis is composed of four parts:Part one introduced the theory of financial risk management. Discussed how did the risk occur as well as the financial risk management process in general. And the payment system risk was classified into eight areas such as liquidity risk, credit risk, systemic risk, legal risk, circulation risk, operational risk, technology risk, system risk. The second part introduced the status quo of the payment system of the People's Bank of China Shenyang Branch;including the structure and composition of the payment system, particularized the four main applications of the payment systems of the Shenyang Branch:High Value Payment System, Bulk Electronic Payment System, National Cheque Image Clearing System and the central bank's system, and introduced main functions and business processes of them, pointed out the environment and the main target which the study of specific payment systems risk management based on. The third part carry out the overall risk assessment of the payment system of the People's Bank of China Shenyang Branch. List specific types risk form on the basis of the payment system risk classification, analysis the causes of these risks. Part four is the center parts of this thesis. Based on the introduction and discussion in the three parts, this one tries to discuss the management and control of the payment system's risks from the establishment of a sound risk management system, improve risk control and improve the system of laws and regulations, etc.