The Impact Of Asset Securitization On China's Commercial Banks' Risk Assumption

In recent years,the internal and external economic environment of our commercial banks is intricate.With the fierce competition among banks is becoming increasing,the risks faced by commercial banks have gradually attracted more and more attention under the background of interest rate liberalization.In order to avoid this risk,commercial banks must think more actively about how to carry out financial innovation,in which asset securitization plays an important role in it.Practice has proved that the development of asset securitization business is of great significance to the development of the banking industry,the financial market and even the entire national economy.However,the outbreak of the financial crisis has warned the world not to ignore the adverse impact of the expansion of asset securitization.Therefore,people have different attitudes towards the development of asset securitization,and the attitude is cautious and conservative in general.In this context,the risk will be exposed inevitably if the impact of asset securitization on commercial banks cannot be determined.Therefore,it is necessary to explore this topic.Firstly,this paper sorts out relevant studies at home and abroad from the aspects of the commercial bank risk control,asset securitization and bank risk taking capacity,and finds the starting point of the research.Secondly,this course analyzes the current situation of asset securitization's risk taking on commercial banks from the credit risk,liquidity risk and asset risk on the basis of the principle,characteristics and development of the asset securitization,demonstrates and explains the effect of asset securitization factors on bank asset quality,capital operation and liquidity management.Finally,this paper conducts an empirical analysis by constructing a measure of the risktaking capacity of commercial banks and a measure of the scale of asset securitization,The data of 16 commercial banks from 2012 to 2018 is selected as a sample for specific research.Using panel data for regression found that the greater degree of commercial bank asset securitization,the risk taking capacity is more stronger.The development of asset securitization business can effectively disperse part of the bank's risk to improve the quality of total assets and reduce the bank's operating risks.At the end of the article,feasible suggestions are given to the commercial banks,regulators and investors on the basis of the research conclusions.