Research On Risk Management Of The People's Bank Of China Payment System

With the deepening of China's economic transformation,social risks have gradually increased,and problems with frequent risks have begun to become prominent.As the main artery of financial payment,the payment system plays an important role in the socialist construction of the country.As the operation and maintenance and management department of the payment system,the People's Bank of China has advanced technology and rich experience in the risk management of the payment system.However,the risk management of the payment system is not yet mature,and economic development and technological progress have brought unprecedented challenges.Overall,the risk management of the payment system has a lot of room for improvement and the possibility of breakthrough development.In this context,this article starts from the current status of the management of the People's Bank's payment system and applies the classic model of crisis management: the Robert Heath 4R model(that is,the four-stage analysis model of reduction,preparation,reaction and resilience)Analyze the risk management process of the People's Bank's payment system.Through combing,it is found that there are more or less certain problems in the various stages of the risk management of the payment system.The environmental monitoring in the reduction stage is not strict,the skills of the professionals are insufficient;the preparatory stage of the risk emergency response plan is not perfect,the simulation exercises are not sufficient;the risk isolation in the reaction stage is not in place,and the risk management coordination mechanism is not perfect;The recovery plan at this stage is not thorough,and there is a lack of learning and exploration after risk.The reasons for this situation include objective factors such as technology,capital,and environment,as well as subjective factors such as management coordination mechanisms,ideology,and professional talents.Based on this situation,this article starts from the analysis of the crisis management 4R model and discusses new measures to improve the risk management capabilities of the People's Bank's payment system.According to the analysis of the four stages of the 4R model's reduction,preparation,responsiveness and resilience,reasonable suggestions are made for the construction of risk management of the payment system.These include the improvement of the risk monitoring environment,the improvement of the quality of professionals,the enhancement of simulation drills,the construction of isolation systems,the improvement of risk handling plans and coordination mechanisms,and the formulation of post-risk recovery plans and the summarization and learning of experience.The article is based on theory and combined with practical application,and strives to push the risk management capabilities of the People's Bank's payment system to a new level.