Risk Response Measures Of Commercial Paper Business Under The Background Of Interest Rate Marketization

As is known to all, for financial institutions, loans for years in this field have been affected by absolute control, and in July 2013, the people’s bank of China has implemented a landmark move, is to fully open the interest rate control. Has been of a deposit insurance system in the current began on May 1, 2015, marks the formal boarded the stage of history, become the landmark of the important measures. In this field continuously deepening the reform of interest rate liberalization, the influence of the commercial bank more and more obvious, facing the adjustment of business also need to follow up, because the reform margin appeared continuously narrow situation, so you must change management ideas, explore their business model, to ensure that in an impregnable position, in this way, develop intermediary business areas and developing the financial market business become a battleground. At the same time, in the process of interest rate marketization, the banking sector will become increasingly fierce competition, some small and medium-sized Banks will be more difficult, the banking industry merger and reorganization to become inevitable, highly centralized industry, at the same time, the question of credit risk will also showing a growing trend, which requires commercial Banks in risk prediction management in itself be highly risk consciousness and analysis ability to prevent.From the successful experience of national interest rate marketization, the interest rate marketization should be in setting up a series of system.In this paper, from the second chapter related theory of interest rate liberalization, successively in the international financial liberalization are summarized the main point of the financial deepening and the theory of financial repression, and then research of interest rate liberalization of domestic financial circles has carried on the summary. In the third chapter introduces the progress of interest rate liberalization in some of the basic conclusion, stable deposit interest rates gradually from high to low; Spreads narrowing and widening; Bank assets and liabilities structure improvement, but the competition rising risk appetite; Off-balance sheet business expand quickly and table business shrink further. In the fourth chapter focuses on the interest rate marketization of China’s financial markets and the impact of paper market, one is the impact on financial markets, mainly reflected in the operation of the market funds will play a greater role, commercial Banks to develop intermediary business has become the mainstream in the response to the interest rate risk strategy and through derivatives business expanding, this method is to control interest rate risk of an effective auxiliary method; Is in the field of paper market, on the other hand, also has had an impact, it mainly displays in the paper market interest rate volatility, market operation mechanism of more mature, bill financing demand will reduce gradually, the market interest rate the central, spreads, at the same time the paper market participation main body more diverse, not only contains is one of the traditional commercial Banks, but also new market participants, such as funds, trust and securities. In the fifth chapter under the background of interest rate marketization of commercial bank bills business risks, from three aspects, the author introduces the characteristics of the current paper market or change, one is the interest rate volatility of interest rate risk is more obvious; The second is the risk preference of market participation main body rise led to the overall level of credit risk increase; Three is the new product new operation pattern increased the paper business operation risk level. Next in the sixth chapter expounds the commercial Banks can adopt various methods, so as to realize in the paper can avoid risk, to a certain extent, the method has the following kinds: from their own business ability, first of all to achieve enhanced ability to predict interest rates, so as to realize rational pricing of interest rate risk to this purpose and to reduce risk; In the paper, on the other hand, the credit evaluation hierarchies of the implementation of the evaluation system, so that in the pricing of risk and cost of the process to get appeared; Finally in terms of operational risk can be controlled by the determination of detection index and adjustment to the risk is reduced. Finally, in this paper, the paper put forward their own views, difficulty in paper market is an otc market, data collection is not complete, increased the difficulty of the interest rate trend projections.