Government’s Research On Risk Supervision Of Commercial Bank’s Wealth Management Products

Commercial banks have a close relationship with citizens’ daily lives and play an important role in the people’s livelihood.Financial risk supervision was listed as the first mission in the three major battles highlighted in the 19 th National Congress.Strict supervision has become an important direction of financial reform.From 2017,there were 3,452 tickets were issued and 3,800 tickets in 2018,including not only financial institutions.Penalties are imposed on financial regulators as well.Despite this,due to the increasing variety of banking business,the supervision of banks has also highlighted great difficulties.There are three main reasons for the difficulties: Firstly,China implements the banking supervision model of separate operation and separate management,which is likely to cause repeated supervision and supervision vacuum.Secondly,the internal control management of commercial banks care more about form,while ignoring the substance,and the employees are easy to sell without a purpose to carefully protect the rights and interests of depositors.Thirdly,the supervision of the authorities is relatively one-sided,because public education is neglected,and the public lacks awareness of rights protection,which does not form a binding force on bank operations.Through empirical research and historical data and comparative analysis methods,this paper sorts out the gradual improvement process of modern financial supervision system.In the objective aspect,it draws on and improves the commercial bank risk evaluation system,continuously tracks the inspection results,and constantly improves the legal system construction and clear regulatory responsibilities.Subjectively,the training of professionalanalysis capabilities of supervisory personnel and the commercial banking and personnel standardization management should be strengthened,employee business skills and professional ethics are to be enhanced.Also,investor education for public depositors have to build their own basic financial knowledge system and to learn to aware financial risk.By strengthening the government’s supervision of commercial banks and their wealth management products,the public self-protection mechanism will be improved to protect the interests of public depositors from damage.Strengthening and optimizing the supervision of banks and their products is the basic work of China’s financial system construction.Thanks to financial globalization,it is necessary to improve the supervision mechanism as soon as possible.