Legal Risk Prevention Of Agricultural Development Bank Of China Credit

Party Fourth Plenary Session of the eighth for overall situation of China’scurrent development proposed development program focused on promoting the ruleof law, introduced a number of new policies and initiatives. In this new situation, theAgricultural Development Bank of China should be a deep understanding of the ruleof law and comprehensively promote the reform and development of relations withthe Agricultural Development Bank, Agricultural Development Bank to promote therule of law in the process, build elaborate and implement legal risk preventionsystem, and further achieve legal compliance management.In recent years, China Agricultural Development Bank credit has beenconsiderable development, particularly in support of the new rural construction hasmade remarkable achievements, but the various risks associated with loss of creditfunds are growing year by year, in these risks, the growing proportion of legal risk.The complexity of the legal risks and variability determine its harder to prevent andcontrol with respect to other risks, legal risks hidden in all aspects of the creditbusiness, imperfect organizational structure, legal risk regulatory system is notperfect, lack of operational procedures, bank staff misconduct, lack of legalknowledge, state policy changes and so are the legal risks induced fuse.Agricultural Development Bank for the legal risks faced by Chinese creditbusiness, based on the provisions of the legal risks of banks from abroad AgriculturalPolicy financial legal risks of advanced practices and after the Basel Committee, Ibelieve that to improve the Agricultural Development Bank of China legal riskprevention system must in many ways, different angles depth. It is imperative todevelop "Chinese Agricultural Policy Banks Law", through legislation to establishthe status and nature of the Agricultural Development Bank of China, at the sametime give support to national policy. Then start from the inside of the AgriculturalDevelopment Bank of China,build a sound legal risk monitoring system, delineatethe rights and duties of different departments, improve the overall quality of thecredit staff, to develop a reasonable information disclosure system, try to do early prevention, starting guard against legal risks from different sectors.