The Research On Management Of Operational Risk And Empirical Analyses Of Commercial Banks In China

In 2004 the Basel Committee issued the "New Basel Capital Accord", firstly brings operational risk into the framework of risk management, and asks financial institutions to allocate capital for operational risk. Also, a more detailed disclosure is acquired. In our country, awareness and control of bank operational risk are ignored for a long time. But in recent years, many kinds of operational risk affairs frequently occurred, which exposes that Chinese commercial banks are facing cruel threats and trials in operational risk management. Compared with the international advanced banks, Chinese commercial banks have defects in management concept, management structure, and management measures of operational risk. Under this background, making deep analysis to the concrete reasons for the operational risk occurs in our country's commercial bank, using demonstration to analyze and find out the various characteristics of operational risk in Chinese commercial banks, and expounding the strategies and suggestions for strengthening the operational risk management of Chinese commercial banks, can bring important theory value and practical significance to improve the operational risk management in Chinese commercial banks.The main part of this thesis consists of four chapters, and the contents of each are as follows:The first chapter expounds the basic theories of the operational risk, including definitions, characteristics, management principals and classifications of operational risk.The second chapter firstly analyzes the actuality of the operational risk management in Chinese commercial banks, including specific cases study and statistical analysis. Then, this chapter deeply anatomizes the reasons for the operational risk occurs in Chinese commercial banks, from the angels of "commission-agent" theory, Behavior Finance and Internal Control. The third chapter makes empirical analysis for operational risk in domestic banks. First, this chapter introduces international modeling methods. Then, by choosing the Loss Distribution Approach, this chapter measures the operational risk in domestic banks. And Monte Carlo simulation is used during the analysis process.The fourth chapter studies the management and control of operational risk in domestic banks from internal part and external part. The internal management involves risk management cultures, corporate governance, management framework, internal audit and risk measurement. The external management consists external supervising, banking self-discipline and financial environment.