Analysis And Countermeasure Of Risk Of Bond Underwriting Business In B Bank

Leading by the inter-bank market dealers association,as a major developing task of commercial banks' investment banking business,the bond underwriting business represented by non-financial debt financing instruments is experiencing a vigorous development in recent years.With the expending scale and more types of new products coming out,it solves the enterprises' financing difficulties,especially small and medium sized enterprises.Meanwhile,as the key business of investment banking of commercial banks,financial debt financing instruments underwriting business has made more profit for commercial banks and exerted positive effect to realize a business transformation.However,in the process of business expanding,different commercial bank has different understandings in the importance of the bond underwriting risk control,besides,risks also exist in business practice.It will cause disaster and interrupt healthy development of the bank if we do nothing and just let the risks go.In view of this,this paper first describe the financial risk control theories and then taking B Bank as an example to introduce the products classification of non-financial debt financing instrument underwriting business,as well as the bond issues process represented by bookkeeping filing release mode.Third,the paper fully analyzing the systematic risks including policy risk,the risk of fluctuations in the economic cycle,force majeure risk and unsystematic risks,which including credit risk,legal risk and reputation risk,of B Bank based on modern financing and commercial bank management theory with specific cases.Fourth,drawing upon advanced experiences of foreign banks,this paper provides risk management measures on the basis of characteristics of various risks and the cause of those risks.Finally,looks ahead of the B Bank's risk control of its bond underwriting business.With the development of the debt financing instrumentsunderwriting market,the supervisor department and the bank itself should pay more attention on risk control.It is expected that this paper will provide tangible references for B Bank to manage and control its investment banking business with an aim to reduce the risks of underwriting business,keep its reputation and improve the underwriting business' development in a healthy manner.