Comparative Research Of Credit Risk Management Models Of International Banking

Business banks are the main exchanger of the international financial market, they undertake the heavy responsibility of capital debit and credit, and also take on various financial risks including credit risk,market risk,operation risk. Among all the risk management technologies, market risk management technology has been researched a lot, but the research of credit management technology is much more lagging than the former one. Accompanied with the development of financial market environment, the innovation of business bank, the diversification of both the market participants and trading, and the development of the credit derives, the concept and connotation of the credit risk have extended and stretched. To study and research the technology of credit risk management has been one of the most challengeable subjects in financial field.The goal of this dissertation is to analyze and research the characteristics,applicability and limitation of various risk precaution models through the deep analysis and compare of the main credit risk management model,risk assessment system,risk metrical method of international bank industry, then we can summarize the enlightenments finding in the international experiences for Chinese banking.The study of his dissertation begins with the Basal Agreement on the basis of current research achievement at home and abroad to analyze the importance and significance of credit risk management study of banking. Then the dissertation gives a deep analysis of three countries'credit risk management models of banking which have typical characteristics, and summarizes their management methods and experience. Through comparing the differences of financial market environment, self-management of banking, industry supervision, dealing with bad assets and legal system building, we can get to conclusion of three different management models of credit risk.Banking credit risk managing not only needs to control macroscopic environment like financial regulation, legal system building and financial market environment, but also needs to build up a set of entire and effective risk control system, and its core part is risk magnanimity model. So the dissertation discusses both the tradition method and modern model of risk control, then we go deep into analysis and comparison going through most commonly used models, CreditMetrics model and KMV model. With the development of international financial market, credit risk management also in innovation accordingly, the known models are being improving too, we can use method for reference and improve them according to our country banking situation. As a result, while comparing those credit risk management models, the book analyzes methods that used to appraise the validity of model.Through the deep analysis of the credit risk management models of international banking, the dissertation summarizes international experiences, generalizes some prerequisites for health credit risk management of banking, and gives some suggestion for Chinese banking. I wish this study can be of help for building perfect credit risk management system in the homeland.This dissertation includes six chapters:Chapter one: the Preface is to introduce the significance and generalize the research condition at home and abroad.Chapter two: the Evolution and Characteristic Analysis of the Credit Risk Management of International Banking. This chapter begins with the definition of risk and the Basel agreement, probe into the evolution of credit risk and its characteristics. It lays the foundation of the following research of risk management.Chapter three: the Comparable Research of the Credit Risk Management Model of International Banking. In this chapter I respectively discusses the current situation of credit risk management in America,Australia and Japan, analyzes the formation background , characteristic and developing experience of each of each risk management system. Then give a summary and comparison of three typical credit risk management models.Chapter four: the Credit Risk Management Methods of International Banking. This part gives a detailed comparison of the CreditMetrics model and the KMV model, and elaborates the validity appraising method for credit risk management model.Chapter five: the Enlightenment to Chinese Banking from the Credit Risk Management Experience of International Banking. Summarize the international experience of credit risk management on base of former chapters'discussions.Chapter six: the Conclusion. This chapter is to give a generalization of the concept of this dissertation and make a conclusion.