The Analysis Of Interest Rate Risk Management Of Chinese Commercial Banks Under The Background Of Interest Rate Liberalization

After the interest rate liberalization,the frequency and amplitude of interest rate fluctuations have been improved,making the term structure of interest rates more complex,and put forward high requirements for asset liability management,risk management and internal control system of banks.If commercial banks do not have a sound and perfect interest rate risk management means,it is difficult to survive under the erosion of interest rate risk,therefore,the study of commercial bank's interest rate risk management has important practical significance.This paper first summarizes the outstanding achievements of interest rate risk management by scholars both at home and abroad,and reviews the relevant classical theories;Secondly,this paper reviews the process,connotation and significance of market-oriented interest rate reform in China;And through the analysis of facing our nation under the background of interest rate liberalization of interest rate risk types,the influence of interest rate liberalization of interest rate risk,it is pointed out that after the market-oriented interest rate reform,interest rate fluctuates up and down as the market capital supply and demand,interest rate fluctuation amplitude and frequency increasing,and through the leverage effect of commercial bank deposit and lending business such as sensitivity,increase the interest rate risk of commercial Banks face.As China's commercial banks have not yet established a sound and sound interest rate risk warning mechanism,internal control mechanism,transfer mechanism,bank insolvency and merger mechanism has not yet been established,which have increased the difficulty of interest rate risk management.Then it studies the theory of interest rate risk management,interest rate sensitivity gap model,duration model and VAR analysis method,and its advantages and disadvantages as well as applicability VAR method can accurately measure the market risk exposure of banks,so it can be applied to the interest rate risk management in China,which can effectively make up for the blank of the risk measurement of commercial banks in China.Through the calculation of VAR method as a result,the risks of the bank for bank managers to have a clear quantitative understanding,and through the further establishing perfect management organization structure,comprehensively improve the level of our country commercial bank interest rate risk management,promoting China's money market and the whole financial market healthy and stable development.Finally,the paper points out that the liberalization of interest rate is not only the focus of financial system reform,but also the only way for China's financial market to mature.Under the background of interest rate liberalization,commercial banks should seize the opportunity,strengthen innovation in a more efficient and fair market environment,and promote their own transformation,but also actively respond to the expanding interest rate risk.