Chinese Commercial Banks. The New Basel Capital Accord, Operational Risk Management Study

Banking is a high risk industry, the banking situation is directly related to economic and financial system and social stability. From the 90 years since the last century, due to operational errors lead to big financial occur frequently, causing huge losses banks, which began to promote the importance of the international banking industry and to the daily operational risk into risk management. 2004 "The New Basel Capital Accord," the introduction, causing the industry and theorists focus on operational risk management. Compared with advanced international banks, Chinese banks on operational risk management is still in the preliminary exploration and early stage, has no system of management. Operational risk covers a wide range of aspects related to banking and various departments, and it is a new subject, China's commercial banks need to continue to practice operational risk advanced measurement technology and management techniques, sum up experience and lessons learned form the operation is consistent with China risk management philosophy, to enhance awareness of operational risk management, and operational risk factors lead to research and explore, through the introduction of the "New Basel Capital Accord" proposed by the management principles and techniques, and gradually build a sound operational risk management system and structure, improve self-management requirements and standards, improve risk management, resulting in competition with the international banking in an invincible position.This paper defines the definition of operational risk, describes its characteristics, and operational risk identification, assessment and release control methods are introduced, mainly with reference to the foreign banks and the Basel Committee on some of the research results. Commercial Bank of China and then analyzed the status of operational risk management, operational risk management points out the problems, revealing the current operational risk management to enhance the necessity and importance. Problems in understanding, the proposed operation of Chinese commercial banks to strengthen risk management of several measures that need to operational risk management framework, corporate governance, internal control and legal aspects, and strengthen operational risk management. Although difficult to measure operational risk in itself, is still trying to use this model to measure the size of China's commercial banks operational risk. The revenue model is relatively low on the data collection requirements, and risk estimates of the reliability of operation is relatively satisfactory, therefore, the size of operational risk measurement in the empirical analysis of selected income model, where the selected representatives of the five domestic furniture of listed commercial banks, the information from the public lines of revenue collected as part of macroeconomic data and data banks in this size of operational risk measurement, and finally, according to several banks that the actual operating conditions, combined with the Bank of The financial report was the result of the model validation.