| Basel Ⅲ is the new standard for capital quality.To this end,the China Banking Regulatory Commission issued the "Commercial Bank Capital Management Measures(Trial)" in June 2012,and the Ministry of Finance issued the "Enterprise Accounting Standards 37-Financial Instruments Presentation" in May 2017,which narrowed the supervision of China and international capital.The standard gap.Liquidity and risk enable the capital market to quickly reflect changes in the value of financial instruments,and risk modeling helps to establish an accurate asset pricing model that reflects changes in asset value in a timely manner.Studying the impact of risk modeling on the market perception of changes in the fair value of financial instruments is of great significance for improving the risk measurement management system and improving the timeliness and accuracy of financial instrument fair value measurement.This paper takes the listed companies in China’s banking industry that disclose risk modeling and financial instrument fair value changes in 2009-2017 as a sample,and divides the fair value of financial instruments into three categories according to the liquidity of financial instruments,and analyzes market risk modeling and credit.The impact of risk modeling on the stock price correlation of financial instrument changes in fair value.This paper finds that commercial banks mostly refer to the risk management policies of the five major banks of industry,agriculture,China,construction and exchange for risk identification,measurement and control,but the risk modeling methods lack diversity;risk modeling as a whole enhances the change of fair value.Market perception,but there is a difference in market perception of changes in fair value of financial instruments in different effective markets.The market perception of fair value changes included in other comprehensive income is more strongly influenced by market risk modeling.Credit risk modeling is in the notes.The impact of market perceptions of disclosed fair value changes is more pronounced.Therefore,China should further implement the capital management measures,promote the deepening development of China’s financial derivatives market,improve and improve the internal credit rating system,and gradually improve the risk measurement architecture system,thereby further improving the timeliness and accuracy of financial instruments’ fair value measurement. |
