Research On Audition Of Risk Problems Of Personal Financial Service For Commercial Banks

With the deepening of China’s reform, the net income of rural residents and urbanresidents’ disposable income have been greatly improved, which led to a substantialincrease of residents’ savings and wealth, household savings rose to46.45trillion Yuanin April2014from the17.43trillion Yuan in2008, the residents’ concept of financialinvestment and personalized investment demand are growing. For commercial banks,with the growing of inter-bank competition, the profitability of its traditional businesscontinues to decline, commercial banks must find a new way to improve theirprofitability, from the perspective of foreign commercial banks’ development model,China’s commercial banks should focus on the future development of personal financialservices, wealth management products can largely meet the investment needs of someresidents, personal wealth management products mainly invest in some low-risk,higher-yielding financial assets, such as bonds, funds, central bank bills, etc. yield isgenerally between4%-6%, higher than bank deposit rates over the same period, itssecurity is not lower than bank deposits, so they are loved by investors, both its size andthe number get a huge raise. However their respective regulatory policies, risk preventionand product audit have not been a corresponding increase with the personal wealthmanagement products, part of the bank occurs cashing crisis, and therefore thecommercial banks should strengthen special audit on personal finance business andcontinuously improve their risk management and product audit capabilities.Based on the analysis of basic concepts and the development process of the personalfinancial services, this paper focuses the key points of its risk problems and put forwardthe auditing methods of commercial banks financial service products, setting Bank ofTianjin as an example of empirical analysis of the personal finance business auditprocess.This paper is divided into six chapters, the content is organized along the followinglines:The first part makes a clear definition of the research background, researchsignificance about personal financial audition.The second part describes the theoretical basis of the commercial banks to developpersonal financial services, and these theories were described and illustrated in detail. The third chapter introduces the development status of specific personal financialservices, and analyzes the risk of bank financial services as well as the problems faced.The fourth chapter analyzes the commercial bank financing business problems in theaudit, including audit status quo and focus and difficulty faced.Part fifth is focusing on the keystones and solutions about audition, including auditmechanisms, financial products and risk control.The sixth chapter is case analysis. For instance bank of Tianjin, combined withearlier conclusions, this paper carries out analysis and research on the Bank of Tianjinpersonal financial services audit work proposes specific solutions.