Study On The Interest Rate Risk Of Commercial Banks In China In The Context Of The Interest Rate Marketization

The interest rate marketization reform has become a worldwide trend since the1980 s.Our country bagins the interest rate marketization reform gradually on the basis of the experience of other countries. As the process of interest rate marketization accelerates, the problem of interest rate risk is becoming more and more serious.So it is necessary for the commercial banks to mannage the interest rate risk.The first part of the article mainly introduces the research background, research significance, the research achievements of domestic and foreign experts and scholars,research contents, research methods, innovations and shortcomings. The second part summarizes four main theories of the interest rate risk management. The third part introduces the present situation of the interest rate risk management in commercial banks. It focuses on the interest rate risk caused by Interest Rate Marketization,the causes of the interest rate risk and the problems of commercial bank interest rate risk management. The fourth part is the empirical analysis of the articles. Here we innovatively select "VaR model is prioritized,interest rate sensitivity gap model is complementary" to measure the interest rate risk of our commercial banks. The fifth part contains the main policy suggestions. It discusses what measures the commercial banks should take to control the interest rate risk in a reasonable range.The interest rate marketization starts late in China,so the understanding and control of the interest rate risk are not mature.In such a complex background we research the interest rate risk and make the measures to control the interest rate risk of our commercial banks.It is very important for our country to enrich the interest rate risk database as well as to manage the interest rate risk in our commercial banks; The artical adopts "VaR model is prioritized,interest rate sensitivity gap model is complementary" to measure the interest rate risk.It not only measures the interest rate risk on a single market, but also compares the differences of interest rate risk of all kinds of commercial banks.So we can take relevant measures to control the interest rate risk in a reasonable range. Policy suggestions part attaches great importance to VaR model.It points out that we should make "three lines" return "grand unification" to avoid overlapping regulatory functions; We should pay more attention to the domestic financial derivatives markein tour country and attach great importance to its ability to transfer the interest rate risk. From what is said above,we can take measures to guide the managemen of the interest rate risk.It has important practical significance for the future of our country to manage the interest rate risk in the future.