Interest Rate Risk Of Commercial Banks Under The Marketization Of Interest Rate

As an important product of financial liberalization,marketization of interest rate has an important significance on a country's steady growth of the economy and health development.It helps to optimize the allocation of funds,improve the financing efficiency of the society.But at the same time,the interest rate marketization will also bring some risk to the business of commercial banks and affect a country's financial stability.Compared with Europe and the United States and other developed countries,the interest rate marketizati on reform in China started late,in 1993,put forward the basic idea of market-oriented interest rate reform,and a substantive step is in 1996.After 20 years of efforts,in July 2013 in our country implements the basic loan interest rate marketization,in October 2015,basic realize the marketization of interest rates on deposits,at this point,the goal of interest rate marketization reform in our country basically completed.Although,our country has basically realized the marketization of interest rate,but the risk due to interest rate marketization reform has not disappeared,a risk result of rate price fluctuation of uncertainty will be long-term affects the operation of commercial banks.It is the interest rate risk.In our country,the assets of commercial banks occupy more than 90%of the financial industry,and five big commercial bank assets occupies half of the banking sector.In our country,commercial bank are used to living in long-term interest rates control environment,especially the large commercial banks,used to rely on their own background and the advantages of the assets to obtain profits.Although gradually realize the importance of interest rate risk management,but unavoidably on the risk prevention action,is difficult to keep up with the pace of the interest rate marketization.Once triggered by interest rate risk of commercial banks operating risk,especially large commercial banks operating risk,will be damage to our country's financial stability and economic development.So understand the interest rate risk of interest rate marketization reform and comparison and analysis the risk between large and medium-sized commercial banks,has the extremely vital significance to improve the commercial bank interest rate risk prevention awareness and to shift profit model combined with their own advantages and maintain financial market stability and healthy development of the economy and maintain financial market stability and healthy development of the economy.This article as a starting point,at first made a brief review of market-oriented interest rate reform process,at the same time,give a introduction of the stage of risk and long-term risk caused by the interest rate market reform,and emphatically introduces the variety forms of the permanent risk that will long-term exists in and after the interest rate reform process.Then,this article selects the typical 14 commercial banks and divided into large and medium-sized commercial banks by assets,selected variety of business data indicators to qualitative and quantitative,theory and empirical analysis.To compare the impact of interest rate marketization on the operational risk of large and medium sized commercial banks.Finally,combined with the characteristics of commercial banks,give suggestions from the point to guard against operational risks,maintaining financial stability and healthy development of the economic and transformation profit models.The conclusions of this article are as follows:After twenty years of effort,although the goal of interest rate marketization reform in our country has been basically completed,but the risks of interest rate marketization has not disappeared.In our country,compared to medium-sized commercial banks,interest rate marketization brings large commercial banks greater business risk.Large commercial bank's assets accounted for half of the banking sector,behind it,have the absolute holding of state-owned capital,once the business risk occurs,not only will affect China's financial stability,it will hinder the healthy development of economy in China.Large commercial Banks in China must be awake to recognize their own face greater business risks,in combination with its advantages,to speed up the profit structure adjustment and the strategic transformation,to enhance their ability to resist risks,enhance their own comprehensive strength,to adapt to the development of economy and society.