Research On The Influence Of Credit Asset Securitization On The Risk Taking Of Commercial Banks In China

Asset securitization of banks refers to the process in which banks transform credit assets that lack liquidity but have future cash flow into securities that can be circulated in financial markets through structural restructuring.It was created to ease the liquidity shortage in the financial market and meet the rapidly growing demand of financial institutions for financial functions.However,the outbreak of financial crisis makes us realize that while discussing the positive effects of asset securitization,we should also consider its adverse effects.If the impact of credit asset securitization on Banks cannot be determined,the risk of bank bankruptcy cannot be avoided.Therefore,it is necessary to study this subject under such background.This paper mainly does the following work: firstly,systematically combing the relevant research at home and abroad,finding out the entry point of the research;secondly,analyzing the impact mechanism of credit asset securitization on the risk-taking level of commercial banks,introducing the operation mechanism of credit asset securitization,and analyzing the factors influencing the risk level of commercial banks from the aspects of banks themselves,macro level and industry level.On this basis,this paper concludes that the impact of loan asset securitization on commercial banks' risk-taking level includes the influence of commercial banks' ability to manage assets and liabilities,financing ability,credit risk management ability,etc.The third is to analyze the impact of credit Asset Securitization on commercial banks.Credit asset securitization status quo is analyzed from the perspective of the issuance scale of credit assets,the scope of basic assets and the scope of participants.The present situation of risk-taking of commercial banks is discussed from the perspectives of credit risk,asset quality and liquidity risk.For the present,credit asset certificate Securitization affects the risk-taking of commercial banks mainly as follows: the rise of non-performing loan ratio,the rise of capital adequacy ratio and the rise of liquidity ratio;fourth,empirical analysis is carried out to construct the risk-taking level measurement index of commercial banks and the measurement index of credit asset securitization,in order to select and control the risk-taking level of commercial banks.When the control variables are selected,the bank itself mainly selects the bank asset size,capital adequacy ratio,and liquidity ratio.At the macro level,the GDP growth rate and M2 growth rate are selected.In the sample selection,considering the availability and data quality,this paper selects the relevant sample data of Listed Commercial banks from 2012 to 2017.In empirical analysis,GMM regression analysis shows that: The larger the scale of the securitization of the credit assets issued by commercial banks,the smaller the level of their risk taking.Credit asset securitization can enhance the ability of commercial banks to manage assets and liabilities,effectively disperse part of the credit risk of banks,supplement the liquidity of banks,thus enhancing the ability of banks to carry out credit business and reducing the risk of bank operation.Through the research,it is found that credit asset securitization can significantly reduce the risk-taking level of commercial banks.This paper mainly puts forward the following suggestions: First,continue to encourage commercial banks to enhance the proportion of credit asset securitization business,and improve the relevant laws and regulations from the system,so as to create more convenience for the development of asset-based business;Second,to make good Risk management and prevention of credit asset securitization business,pay attention to controlling the quality of assets and do a good job in information disclosure of asset securitization products,etc.Third,encourage the diversification of basic assets,do a good job in guiding and managing the basic assets,promote the assets of non-performing loans of commercial banks,and constantly use market-oriented means to enhance the assets management ability of commercial banks.