The Research On The Operational Risk Management Of Credit Approval In ICBC

The Basel Committee published the "New Basel Capital Accord" on june26th,2004. It brings operational risk into measurement framework and requires financial institutions to configure the appropriate level of operational risk capital. This is not only the summary about international financial community in recent years, but also the new requirements about commercial banks for operational risk management.Industrial and Commercial Bank of China as one of China’s four state-owned commercial banks, operational risk management is still in its infancy. ICBC didn’t find their own operational risk measurement models and tools for operational risk control. Business credit approval as the main source of revenue is currently, operational risk can not be ignored. So, ICBC is necessary to the research on operation of credit risk approval of the business. All of this can improve the level of credit and approval of business management and control the operational risk credit.This article draws on domestic and international financial circles, the industry research and operational risk management practices。We described the general theory of operational risk on commercial bank. On this basis, we defined the operational risk about business credit approval. Besides, we combined operational risk management facts in ICBC and analyze characteristics、management procedures and the main problems. With qualitative and quantitative methods, we dissect three typical cases of ICBC. Finally, proposed mechanisms, methods and means about operational risk management in ICBC.Through the research of this text, we hope to advance the perfection that the industrial and commercial bank awarded the letter and examined and approved management system, and improve the management level of the risk of credit on the basis of management system of the existing level, promote the credit line risk management organization of industrial and commercial bank to build up the mechanism to optimize constantly, improve the risk control ability of the credit line further.