A Research On Liquidity Mutual Aid Mechanism Of Regional Small And Medium-sized Bank

With the introduction of deposit insurance system,the expectation of market exit mechanism for financial institutions is getting stronger.For local small and medium-sized corporate banks,especially rural cooperative financial institutions,the limitation of their own management skills and business development shortboards makes them vulnerable comparing to national large scale financial institutions.They are facing severe liquidity risk.Led by the China Banking Regulatory Commission and base on practice,local small and medium-sized banks in China established the liquidity mutual aid mechanism in different patterns one after another.This paper majoring on qualitative analysis,adops model analysis method and comparative study method.This paper is to analyze the problems faced by local small and medium-sized Banks in establishing liquidity mutual aid mechanism.The focus and path of constructing and perfecting mutual aid mechanism are attempted to put forward in this text.In combination with the practice of liquidity mutual aid mechanism of rural cooperative financial institutions in X region,the details of the institutional design of rural cooperative financial institutions to construct liquidity mutual aid mechanism are discussed in detail.Firstly,this paper summarizes the related theories of liquidity risk management,including a brief introduction to the liquidity mutual aid mechanism.Secondly,through describing the existing liquidity mutual aid mechanism practice at home and abroad,picturing the present situation of mutual aid mechanism.And then analyze the difficulties and problems in the construction and operation of liquidity mutual aid mechanism.Then propose a construct and develop paths of mutual aid mechanism.Finally,the paper analyzes the specific case of the liquidity mutual aid mechanism of rural cooperative financial institutions in X region.This paper argues that the self-determined joined liquidity mutual aid mechanism and the compulsory joined liquidity mutual aid mechanism are both flawed.The appropriate established way should be according to local economic and financial characteristics and the bank's own quality.Although the compulsory joined liquidity mutual aid mechanism is inevitable under the current system mechanism,but with the improvement of external environment and the internal governance,what type of participation will really be optional.There are many design difficulties and weighing factors for the establishment of mutual-fund liquidity mutual aid mechanism,but the overall aiding quality of it is better than the temporary liquidity mutual aid mechanism.It is the future of liquidity mutual aid mechanism.Though the analysis of the specific cases of the liquidity mutual aid mechanism of rural cooperative financial institutions in X region and the discussion of design details,the meticulousness of this reaserch is refined,and an exploratory sample is provided for the establishment and improvement of the liquidity mutual aid mechanism of local small and medium-sized banks.