Research On Transformation Of Assets Management Of Bank A Under The New Regulation

With the rapid development of China's economy in recent years,the accumulation of residents' wealth has also brought about an increase in demand for asset management.Due to the lack of unified and systematic supervision of the asset management,most financial institutions have been involved in assets management with funds pool,overlapping leverage,multi-layer nesting.However,rigid payment and capital idling make the risk stay in the financial system,causing the systemic risks.Hence,how to restrain financial institutions and resolve systemic risks in the industry has become a top priority.In this context,April 2018,The PBOC,CBIRC,CSRCand SAFE jointly issued the "the Guiding Opinions on Regulating the Asset Management Business of Financial Institutions",which is of great guiding significance to the future development of the asset management,the introduction of the new regulation on asset management is the basis of the asset management industry management system,and proposed unified regulatory requirements for such businesses are also proposed,which will also reshape the industry landscape.Under the new asset management regulations,the model of Bank A asset expansion and profit growth is unsustainable.The operation mode of fund pool and maturity mismatch is explicitly prohibited.Products must be valued and disclosed using the net value method.The requirements of the independently management have greatly improved the difficulty of its asset management business operation.Bank A is in urgent need of transformation in the face of the impact of scale reduction,product design and distribution difficulties,insufficient investment research capabilities,risk management and system construction.This paper takes the transformation direction of asset management business of Bank A as the research object.This paper takes the transformation direction of the asset management business of Bank A as the research object.Through the defi nition of relevant concepts and the theoretical statement,it highlights the background and influence of the new introduction of asset management.On this basis,based on the impact of the new regulations on asset management,this paper analyzes the current situation of asset management business of Bank A and the impact of new regulations on its business,and uses SWOT matrix method to analyze the new regulations under the new regulations.The advantages and disadvantages of Bank A,as well as the opportunities and challenges faced,and on this basis,proposed a transformation plan,including the transformation of sales model,improving product operation and maintenance level,improving investment research level and strengthening risk management.In an attempt to explore the transformation direction of the asset management business of Bank A.