Research Of The Influence Of Interbank Business On Steady Operation Of Commercial Banks

With the deepening of the reform of interest rate marketization and the development of financial disintermediation,the traditional profit model of our commercial banks,which uses deposit and loan spreads as its main source of profits,faces enormous challenges.In the process of expanding the income source and developing the financial innovation,the rapid development of the interbank business has become an important revenue source and profit pillar for commercial banks.Interbank business can complement the advantages of commercial banks and other financial institutions and improve the profitability of banks.However,the behavior of regulatory arbitrage in the development of the interbank business has a great influence on the steady operation of commercial banks.In the current situation of deleveraging,preventing financial systemic risks and maintaining financial stability,it is of great significance to study the relationship between the interbank business and the steady operation of banks.By studying the business of 16 listed banks in China,this paper analyzes the present situation,characteristics,business model,development course and development motivation of interbank business of commercial banks in China,and then qualitatively analyzes the effect of the interbank business on the steady operation of commercial banks in theory.Afterwards,the paper uses the quarterly data of the 16 listed banks from the third quarter of 2010 to the second quarter of 2017 to calculate the Z-score index that measures the bank's stable operating capacity,selects variables such as the proportion of interbank assets and the proportion of interbank liabilities,empirically examine the impact of inter-bank business on steady operations.The empirical results show that carrying out the interbank asset business will reduce the bank's steady operating ability.This paper proposes countermeasures and suggestions for the risk of commercial banks conducting their interbank business,including conform to the rules of inter-bank business,controlling scale ratio and term structure in a reasonable range;strengthen the monitoring and control mechanism for interbank banking business risks,improve the disclosure mechanism;improve regulatory policies and regulations,strengthen inter-bank business supervision;clarify inter-bank regulatory bodies,coordinate cross-market supervision;improve macro and micro dual prudential supervision frameworks;safely promote economic and financial reforms in related fields.