The Effect Of Assets Securitization On Commercial Banks' Individual Risk

After the Asset Securitization Was Restarted in 2012,Commercial Banks Accounted for Nearly 65%of the Cumulative Share of Asset Securitization Products Issuance,and Played a Multi-Role Role in Asset Securitization.This Article Takes Asset Securitization as The Operating Perspective of Commercial Banks,Taking The Commercial Banks That Initiated Asset Securitization Products from 2012 To 2016 as the Research Objects.Through the Empirical Research,We Have Discussed the Commercial Banks(Including Non-Listed Companies)that Issue the Securitized Products Characteristics and Securitization Impact on Individual Risk.In This Way,We Have Explored the Underlying Deep Links and Reasons behind between Asset Securitization and Commercial Banks Theoretically and Empirically.As a Research Guide,this Paper Empirically Analysis these Two Questions Based on the Data about Commercial Banks from 2012 to 2016.In Conclusion,the Results Show that:(1)The Characteristics of Commercial Banks that Initiate Higher Securitization Business Activities are:Larger Scale and Lower Individual Risk Levels.(2)Compared With the Commercial Banks that Have Not Issued the Securitized Products,the Commercial Banks that Issue the Securitized Products Have a Lower Individual Risk Level.(3)In the Two Mechanisms of Commercial Bank Securitization Risk Effect Which is Capital Adequacy Ratio and Return on Assets,the Asset Adequacy Ratio is the One to Reduce the Individual Risk of Commercial Banks in China.(4)After The "Money Shortage" in June 2013,the Individual Risk of Commercial Banks Has Risen.At The Same Time,the Relationship between Asset Securitization and the Stability of Commercial Banks Has Become More Prominent.(5)The Higher The Strength of Banking Securitization Activities,the Stronger the Effect of Inter-Bank Spillovers and the Lower the Individual Risk of Commercial Banks that Have Not Initiated Asset Securitization.This Paper Enriches the Theoretical Analysis and Empirical Research in this Direction.The Conclusion Can Provide Reference for Commercial Banks to Carry Out the Business of Asset Securitization Under the Financial Reform,Which Has Certain Theoretical and Practical Significance.