A Study On The Improvement Of The Internal Control System Of Commercial Banks Under The Influence Of Volcker Rule

In the beginning of 80 s,the financial industry generally advocated liberalization,banking,securities and insurance industry operation become mainstream in the development of financial institutions in western countries,the development of commercial banks has become a global large banks and comprehensive universal banking.Regulators to cancel some of the regulatory system in the hope that market discipline has become an important force to maintain market stability,and the introduction of the concept of market risk sensitivity.However,due to the inherent nature of the banking industry determines the existence of endogenous risk,once the lack of supervision,it is easy to accumulate instability,and violent fluctuations.The subprime mortgage crisis gave birth to Volcker Rule and had a profound influence on the development of commercial banks.In recent years,China's financial institutions such as banks,insurance companies,trust companies have opened the path of international development.At present,most commercial banks in the process of internationalization,the risk management and control and the internal control work there are still some problems,mainly reflected in the concept of management is weak,management system is not perfect,the management trend of more and more serious,which hinders the success of internationalization of commercial banks as well as the overall success of management priority among priorities.Firstly,this paper explains the background,process and content of Volcker Rule,and combs the development of internal control theory.Then,by the state-owned commercial bank is the first of the ICBC as a sample,investigate the impact of Volcker Rule of our country commercial bank internationalization development,combined with the present commercial bank internal control work,to further improve the internal control system of commercial banks to improve the proposed rationalization proposals,and then do the architecture construction,roles,responsibilities,institutional constraints implementation and quantitative criteria in the internal control work,in order to help the realization of China's commercial banks in accordance with Volcker Rule of compliance management,in accordance with international financial regulatory requirements,to better integrate into the international financial activities,and to effectively control the essence of risk,avoid getting involved in the system of disaster.