Research On Operational Risk Measurement Of China 's Commercial Banks Based On Income Model

Since the beginning of last century 90 ’s, frequent operational risk big losses in the international banking industry, and caused huge economic losses. In 1995, Barings Bank due to fraudulent trading losses of $ 1.3 billion and lead to bankruptcy; not authorized $ 1.1 billion trading loss at Daiwa Securities. Cases of these banks has been less attention to operational risk management and regulatory loopholes exposed. Has also caused the industry, regulators, and academics in related fields on the importance of operational risk has undertaken a series of studies and institutional reform.Research of operational risk in commercial bank of our country started relatively late, a large gap with international advanced level. But the high frequency of operational risk events and heavy losses. In 2011 alone occurred since including the South China Sea Branch of China CITIC Bank due to employee fraud caused losses of 350 million Yuan, eight executives of the Beijing rural commercial bank fraud cases, led to a loss of 700 million Yuan to 12. Therefore, based on the situation and characteristics of domestic commercial banks, and learn management experience from international commercial banks, and explores our country’s commercial banks ’ operational risk identification, measurement, and monitoring measures for practical and theoretical research has far-reaching significance.Based on the analysis of current situation of operational risk in Chinese commercial banks and summary past research results and on the basis of the related data for a sample of six listed commercial banks, selected revenue model for measurement of operational risk.Empirical results show that the level of operational risk in Chinese commercial banks within the controllable range; taken on large commercial banks and joint-stock commercial bank loans Bank measurement and comparative analysis of the results showed that operational risk than large commercial joint-stock commercial banks. And operational risk in commercial banks to set aside capital and positively related to its operational risk. Therefore, the paper puts forward the following recommendations: first, focus on operational risk management organizational structure construction; the second is to enhance the quality of personnel training, strengthen personnel management; third, enhance technological management to reduce technical risk factors; four is based on the "process-oriented" concept designed to improve the operational risk management process; five are strengthened with external links to create a good business environment.Paper of main innovation points has following two points: Complex is one of China’s financial system, financial institutions category, so we select two different kinds of model of commercial banks, and its results were compared and analyzed;Second, in order to eliminate inappropriate influence on the model, added some econometric tests of raw data, data established on a stable basis in the model to reduce the model risk of error.