Research On Risk Control Of Central Bank Payment Liquidation System

With the flow of fund between different economic agents and different regions becoming more frequent these years, the demands on the banks to provide more efficient, effective and safe payment and settlement services are increasing. A sound system of payment and settlement is vital for building efficient and safe fund flowing channel, for a smooth delivery of monetary policy and for the stability of the economic and financial system. This thesis presents from the central bank’s point of view, obtaining experience and good points from a comparison between payment and settlement systems in China and the U.S. The author identifies five aspects of the problems by analyzing on the risk points of the payment and settlement system in our central bank, including risk between systems, risk in operation management, liquidity and credit risk, emergency response mechanism of the system and relative laws and regulations. On this basis, by drawing on advantages of the payment and settlement system in U.S. central bank, the author states that to improve the risk control of payment and settlement system in our central bank has to focus on five areas, including optimizing the payment and settlement system, building risk assessment system, integrating and enhancing regulatory efforts, establishing and improving emergency response mechanism and improving laws and regulations system.