Research On Risk Management Of Bond Underwriting Business Of Bank B Ningxia Branch

With the rapid growth of the bond market,default events of debt financing instruments frequently occur.In 2021,there will be 150 defaulted credit bonds in China’s bond market,with a total default amount of 160.393 billion yuan.With the economic downturn,frequent foreign political and financial emergencies,and enterprises promoting the process of active or passive deleveraging,the bond market risks will increase.As the institution with the largest underwriting share of non-financial enterprise debt financing instruments in the interbank market,commercial banks actively explore business risks and analyze possible risk control measures,which can promote the development of bond underwriting business.This article takes the bond underwriting business of Bank B Ningxia Branch as the research object,and uses the flow chart method to comb the bond underwriting business process of Bank B Ningxia Branch to identify risk factors.The risk factors are classified into five categories:credit risk,operational risk,legal risk,market risk,and reputation risk.Use the Delphi method to further identify the risk factors of the bond underwriting business of Bank B Ningxia Branch,and prepare for the construction of the indicator weight of the risk evaluation structure model using the analytic hierarchy process.Using analytic hierarchy process(AHP)to comprehensively evaluate the bond underwriting business of Bank B Ningxia Branch.Using the Analytic Hierarchy Process(AHP)to rank the relative important weights and relative advantages and disadvantages of five categories of risks and thirteen risk factors in the bond underwriting business of Bank B Ningxia Branch,a comprehensive evaluation of the bond underwriting business of Bank B Ningxia Branch was conducted,and it was concluded that credit risk had the greatest impact on the bond underwriting business of Bank B Ningxia Branch,followed by operational risk,legal risk ranked third,and market risk ranked fourth,Reputational risk has a small impact.This article proposes optimization suggestions for risk management of Bank B Ningxia Branch,including clear screening and admission criteria,comprehensive understanding of the issuer’s basic situation,in-depth analysis of the issuer’s financial situation,attention to the issuer’s dynamics,improvement of the investment banking system,and customer diversification;Suggestions for operational risk optimization include improving the risk structure,strengthening bond underwriting business training,standardizing operational procedures,conducting due diligence,conducting regulatory work on raised funds,clarifying the responsibilities of customer relationship banks and product departments,improving performance appraisal systems,and establishing specialized risk systems;Suggestions for optimizing legal risks include improving legal and regulatory training,fully verifying project anomalies,and accurately and timely disclosing information;Suggestions for optimizing market risk include making reasonable bond investment decisions,implementing bond investment quotas,reasonably arranging issuance windows,and continuously paying attention to bond prices;Suggestions for reputation risk optimization include conducting risk control capability evaluations,establishing a bond default risk early warning system,establishing emergency plans,and holding shareholder meetings.