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The Analysis Of The Effect Of Commercial Bank's Credit Risk Transfer Activity

Posted on:2018-09-30Degree:MasterType:Thesis
Country:ChinaCandidate:Y L WangFull Text:PDF
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Commercial bank is at the core of the financial system and is crucial in economic development.However,with the completion of interest rate marketization,the rise of Internet finance and the roaring substitution effect of capital market in finance and investment,the status and influence of commercial bank began to decline and the competition it faced became increasingly fierce.Coupled with China's rising credit risk level,non-performing loan rate in commercial bank continued to rise.The situation confronted by commercial banks is currently severe.In this case,the main issue of commercial bank research is how to improve the existing or introduce new management approaches according to the market environment changes,so as to ensure the liquidity supply,control the risk and improve profitability.Commercial banks' core business and main source of income is the credit to non-financial sectors,hence the risks are also mostly derived from credit assets.Traditional credit risk management tools tend to be static,which leads to many constraints and high cost.The emergence of credit risk transfer tools and markets enables commercial banks to flexibly adjust their credit assets(portfolio)based on a variety of business targets,and to apply active management to promote efficiency.But every coin has two sides,the credit risk transfer is most criticized for its role in boosting the bubble during the US subprime mortgage crisis.Therefore,the main goal of this study is to explore the effect of credit risk transfer in commercial bank management and its advantages as well as disadvantages.By using the combination of theoretical analysis and empirical test,we examined the credit risk transfer of commercial banks in China from the three principles of commercial banks Effect and the formation mechanism.The study is structured as follows: Background introduction-Relevant literatures review-Core theory analysis Raising study hypothesis-Empirical tests Conclusions & Recommendations.We attempted to innovate and develop existing research in two ways: First,the previous studies have been focused on the analysis of credit risk transfer effect on single aspect,But we chose to discuss all aspects of the effect to make a comprehensive evaluation of the actual advantages and disadvantages of credit risk transfer for commercial banks,so as to provide more comprehensive recommendations;Second,those presented researches either conducted theoretical analysis about credit risk transfer of commercial banks in China,or performed empirical test based on samples in developed markets.And the supervision of China's commercial banks credit risk transfer guidance role is lacking.In this study,the actual data of credit assets securitization from Chinese commercial banks is taken as the sample for empirical analysis,and the conclusions and suggestions there are more timeliness and pertinence.
Keywords/Search Tags:Credit risk transfer, Credit asset securitization, Panel data model
PDF Full Text Request
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