From The New Institutional Economics Perspective Analysis Of Operational Risks In Commercial Banks

Since China’s reform and opening-up, China’s banking business with the development of economy and continuous development. And the risks of commercial banks followed.The operational risk as one of the three major risks, appeared frequently in recent years. According to concerning sectional statistic, from2003to2007, Chinese commercial banks can be collected with over174cases of business operational risks. In2011, the China Banking Regulatory Commission (CBRC) issued "The Banking Regulatory Commission Annual Report in2010".In the annual report, the problem that China’s commercial banks will be faced with the weakening of operation risk management consciousness was mentioned in the report.Compared with the credit risk and market risk, operational risk is more complicated. And involves the scope of business are covered by the operational risk is more extensive, and throughout the operation and management activities of commercial banks, it covers all aspects of the bank business activities. It is more difficult to manage, more difficult to operate.In this paper, we put forward corresponding countermeasures through introducing the theory of new institutional economics to the study of commercial bank operation risk process, discussing and analyzing the current situation of commercial bank operation risk around the world, using the theory of new institutional economic analysis of causes of commercial bank operation risk. According to the study, we put forward some practical strategies and advice.The first part is introduction. This part discussed the research background and purpose. Reviewed the research several important countries such as the United States, Canada, and the UK of commercial bank operation risk. Reviewed Chinese scholars for the commercial banks operating risk, and gave a brief evaluation. The second part mainly related concepts defined. The third part is the current situation of commercial bank operation risk. This part mainly discusses the international and domestic. The fourth part analyzes the causes of commercial bank operation risk by the Property rights theory, Principal-agent theory, Institutional Change theory and Transaction Cost theory. The fifth part gives the optimization from four aspects of commercial bank operation risk. For example, optimize the mode of commercial bank governance structure; strengthen the supervision of determination and strength; strengthen the role of the audit department; optimize the institutional environment.