Accounting Operation Risk Management Of X Policy Banks

On April 12nd,2015,the State Council officially authorized the reform program of policy banks,China Development Bank,Export-import Bank of China and Agricultural Development Bank of China.The Council also required policy banks to execute the program faithfully.Although the position of policy banks has been made explicit,they still start late compared with large commercial banks as to conduct business on the basis of guaranteeing the policies of the country.On the one hand,although policy banks have realized the harmfulness and importance of the risk in accounting operation,they still fall far behind in the theoretical research,system normalization and practical application of the risk control.On the other hand,before the reformation,the major risk that policy banks face comes from the uncertainty of state policy.But after the market-oriented reform,they are exposed to various risks,and a series of problems have come out such as the incomplete supervisory system and measure,the inadequate disclosure of information and the insufficient quality of personnel.Therefore it appears quite urgent to study the risk in accounting operation and the measures to control it in the reformation process,based on the specific characteristics of policy banks,thus improve the financial efficiency.On the basis of numerous documents and my personal working experience,this article attempts to make a thorough inquiry in the accounting operation risk of policy banks and put forward pertinent measures.According to the research,the article finds out that policy banks still stays on the primary level in the administration of accounting operation risk.There have been various problems,to name a few as follows:the controlling procedures are deficient,the system construction dose not adapt to the development of banking and some risk events arise just because the employees are not clear with the system or the supervisory becomes a mere formality.Aiming at these problems,in order to promote the reform effectively,this article proposes four measures in risk control:starting the reconstruction of system and remodeling the culture of compliance,exploiting the IT system in accounting operation risk control,enhancing the training of the employees and strengthen the accountability when risk events occur.The control of accounting operation risk is a topic that needs thorough research on all aspects.Because of the limit of my ability,this article carries on research just on the basis of my working experience.There is a shortage which needs further research in the quantification and the Big Data construction.