The Study On Operational Risk In Payment And Settlement Business Of GuangDong Rural Credit Cooperatives

Rural Credit Cooperatives(here-in-after called"RCCs"),the local and community financial institutions,provide financial services for agriculture, peasants and rural economic development,playing an important role in Chinese financial system.In recent years,RCCs have been developing rapidly,and GuangDong RCCs are particularly outstanding.However,the risk management ability of RCCs can not keep up with its business development and scale.As the core business of RCCs,the operational risk of payment and settlement business is increasingly so remarkable that it has hindered the healthy development of RCCs. Therefore,it is of great urgency to strengthen operational risk research and management of payments and settlement business.As Guangdong province standing in the front position of Chinese reforming and opening,The payment and settlement business development of GuangDong RCCs has been reached the leading level in China.It is sampling significant to take the operational risk in payment and settlement business of GuangDong RCCs as the research object, analyzing all kinds of manifestation and causes in theoretical and empirical methods.The author has been engaged in payment and settlement business practices of RCCs for long,having got more sensible understanding about operational risk,and accumulating some data and materials.Based on above-mentioned factors,the thesis synthesizes the latest research results at home and abroad,discusses the identification,measurement,monitoring and control of operational risk in payment and settlement business by using the comparative analysis,case analysis,the qualitative and quantitative analysis methods and then puts forward the strategies and policies.Lastly,the thesis suggests that some steps,such as constructing risk management framework,centralizing data,managing human resource scientifically,perfecting internal control system,improving the efficiency of external supervision etc.should be carried out as quickly as possible to increase the operational risk management level in payment and settlement business of GuangDong RCCs and achieve development goals.