The Research Of Our Country Commercial Bank's Internal Rating System

Commercial Bank is a financial institution that aims at commercial enterprise and individual loan for the main business and its main target is to make a profit. In the business process banks face many risks, including market risk and operational risk, credit risk, etc. With the rapid development of international financial markets and the process of the economic globalization speeding up, credit risk research plays a more and more important role. The international monetary fund has published reports saying that credit risk has become the main factors caused bank bankruptcy. So credit risk in the banking operation plays an important role. With the Asian financial crisis promoted formulation of "the new Basel capital accord" in 2006 and the 2008 global financial crisis promoted born of the Basel III, we can see that the global financial markets deepen coincided with financial crises. At the same time regulators and financial institutions are constantly introducing new credit policies and new credit risk measurement technology to defense the occurrence of risk. Recently the China banking regulatory commission launched four regulatory instruments timely, Including capital requirements, leverage, a provision rate and liquidity requirements and form new framework of the China banking regulatory constitute. But because China's credit rating starts late and low, so far there is no real sense of the bank's internal credit rating system. How to establish commercial Banks internal rating system that is suitable to China's national conditions becoming more and more important.This paper introduces concepts of the credit risk and credit risk rating and elaborated the modern credit rating model and analyzes its applicability in our country. Because domestic commercial Banks internal rating system lags behind the international development level seriously, new Basel capital accord is evaluation gauge to evaluate our own method. In the paper I summarize the evolution of internal ratings process and status quo and then compare it with IRB. Then analyze how the gap is produced. How to perfect our country's internal rating system construction is proposed at the end of the article.