Research On Risk Assessment Of Structured Financial Products Of Commercial Banks In My Country

Since 2017,influenced by multiple factors such as non-standard control,deleveraging and strong supervision in the financial sector,as well as increasing pressure on commercial banks to absorb deposits,the overall growth rate of structural financial products in China's commercial banks has accelerated and attracted attention from all sides.Due to the complex design structure of structural financial products and commercial banks often cover up the real risks of products in their promotion.Therefore,it is urgent to evaluate the real risk of structural financial products in China's commercial banks.Based on the theoretical knowledge related to structural financial products,this paper focuses on the following three aspects: Firstly,identifing the risks of structural financial products of commercial banks in China and selecting appropriate risk assessment methods to pave the way for risk assessment.The risks of structural financial products in China's commercial banks include interest rate risk,exchange rate risk,policy and regulatory risk,force majeure and accident risk,price fluctuation risk,operational risk,credit risk and liquidity risk.Secondly,fuzzy analytic hierarchy process is used to evaluate the risks of structural financial products in China's commercial banks.The evaluation results show that the risk level of structural financial products linked to exchange rate,interest rate and gold is very low,these products can protect capital and return.The risk grade of structural financial products linked to stock index is higher than structural financial products linked to other targets,but the guaranteed capital ratio of the products can reach 100%.In general,the real risk of structural financial products in China's commercial banks is lower than the theoretical risk.Product real risk rating is low.Finally,the paper analyzes the reasons for the low real risk grade of structural financial products in China's commercial banks and puts forward corresponding policy suggestions.According to the analysis,the reasons for the low risk grade of structural financial products in China's commercial banks include: product management problems;product supervision issues;market problems with product embedded options.In view of the above problems,this paper puts forward three corresponding policy suggestions.First,we should improve the ability of commercial banks to manage structural financial products.Second,we should strengthen oversight of structural financial products.Third,we should improve the options market.Generally accepted by the academic community,it can be known that the linked target is an important classification basis of structural financial products.In view of the existing research results,when using fuzzy analytic hierarchy process to evaluate the risk of structural financial products,the risks differences of structural financial products with different targets are oftenignored.When assessing the risks of structural financial products,this paper separately evaluated the risks of structural financial products linked to different targets,so as to effectively make up for the deficiencies of existing research results,which is expected to provide theoretical reference for the formulation of relevant policies for financial regulatory authorities.