Study On The Recognition Of Systemically Important Financial Institution In China

Since the 13 th five year plan has been published,the revelution of fancinal industry becomes faster in China.It is required that we need to establish a more effective supervison system of financial industry.Especially after the Macro-prudential Supervision put forward,the systematic risk within financial system has been the hot issue,and the too-big-to-fail systemically important financial institution also becomes the supervison focus.Effective recognition to Importance of financial institutions has became the first problem to deal with,and now there are various of meathods and each of them has the particularly.In terms of our country how to choose identification methods with both feasibility and accuracy ? This is what this paper to study.This paper starts with the influence of the systemically important financial institution to macroeconomic operation,states that the significance of recognizing the systemically important financial institution,analyzes the idea and method of recognizing the systemically important financial institution,and compares different methods.Index method is the assessment method for the systemically important financial institution in our country.It is based on the assessment methods of global systemically important bank basel commission published,global systemically important insurance instiution IAIS published,global systemically important non-insurance and non-financial institution IOSCO published,takes example by the theoretical results of academical circles and the experience of national supervison authorities,and combines the actual development situation of domestic financial industry.This paper basicly bulid five first grade indexes: scale,fungibility,revelence,complexity,and activity;in addition,different financial iunstitutions involve different second grade indexes.On this basis,use all listed company of insurance and security,base on the financial and bussiness data within 2013-2015,editing matlab with entropy evaluation method,get the weight of each index,and caculate the score of each systemically important financial institution.It is revealed that different financial institutions have different weight of each index,which basicly matches reality.five biggest state-owned banks obviously are the systemically important bank,and other large joint-equity commercial banks have slightly change in the game.Ping An Insurance(Group)Company of China,Ltd.is way ahead in the insurance insitutions;security companies are the systemically important financial institution,and the top ten don't have a big change in the recent 3 years.At last,this paper maing suggestions and giving advice to the supervision of the systemically important financial institution in China.