Under The New Basel Capital Accord Our Government For The State-owned Commercial Bank Supervision

In the history of financial and economic development in the past 100 years,we have been through many financial crises and witnessed various financial institutions and financial giants fighting for profits in the market.Delving into the profound layer of the history full of prosperity and tragedies,there is a cycle of financial liberalization and regulation,and also efforts of every country in the world to improve and perfect its own financial regulation system.With Lehman Brothers of the four largest investment banks in the United States filing for bankruptcy protection from the U.S.government in 2008,the most serious financial tsunami since the Great Depression spread rapidly to the whole world.This crisis was so destructive and extensive that it could be recorded in the history of international finance.At that time,the international financial community came to realize that the global financial system which had been long considered impregnable was actually fragile.China formally joined the Basel Committee in 2009,which is an important milestone in the history of China's banking supervision.It signifies that China will participate in the formulation of international standards for banking supervision in an all-round way,which will make banking supervision more scientific and effective,and will play a positive role in promoting the continuous improvement of the level of internationalization of Chinese banks and promoting prudent operation.There is no doubt that the formal accession to the Basel Committee on Banking Supervision has brought new opportunities for the development of China's banking industry.However,compared with the advanced international experience and practices,there are still many deficiencies in risk control.Therefore,learning from the international advanced practices and standardizing an effective way of risk management in accordance with the requirements of the New Basel Capital Accord have become significantly important.The purpose of this study is to discuss the government's responsibilities in the light of the current situation of our government's supervision of state-owned commercial banks.This paper firstly expounds the current situation of our government's supervision of state-owned commercial banks under the New Basel Capital Accord,including:The main body of government supervision over state-owned commercial banks;the laws and regulations promulgated by the government;the content of government supervision over state-owned commercial banks and the way of supervision adopted by the government.Secondly,problems existing in the supervision of state-owned commercial banks by our government are put forward,including:the lack of independence,the imperfection of the laws and regulations,the indeterminate and unclear focus of the supervision,the relatively single methods taken by the government,and causes of the problems are analyzed.Finally,from the aspects of building a scientific government supervision system,perfecting the legal system of government supervision,accurately grasping the key points of government supervision,and taking various measures to improve the quality of government supervisors,this paper puts forward some countermeasures and suggestions for the government to play an effective role in bank supervision,in order to promote the sound development of China's state-owned commercial banks and ensure a steady progress of the reform of government financial system.