Research On The Risks And Countermeasures Of The Securitization Of Non-performing Assets In Commercial Banks

The commercial banks are faced with the problem of how to deal with the huge non-performing assets.Theoretically,securitization of non-performing assets is an effective way of dealing with it,which is more practical than traditional way.In February 2016,the securitization of non-performing assets of the bank was restarted,and 18 banks began to issue related asset backed securities.On the surface,the disposal of the bad assets of the bank is hopeful to open up a new and effective channel.However,the present situation of the securitization of non-performing assets shows an embarrassing situations.The reasons for this situation are mainly due to the lack of maturity of the risk nature and market conditions of the business itself.From the current actual development situation,the prospect of securitization of banks' bad assets is still not optimistic.The problems are mainly reflected in the scale of issuance,the decline of enthusiasm of banks,and the low market participation.The current problems in the securitization of non-performing assets are mainly determined by their characteristics.Among them,the risks of the securitization of non-performing assets are the most important aspects.The risk in the process of securitization can be analyzed from three aspects:inherent risk,environmental risk and special risk.The credit risk and market risk in the process of asset securitization,determines the tortuous development of its business;risk factors of political,legal and economic environment contained in the business,Reflect the cause of the problem;at the same time,more importantly,the situation of our country determines its special risks.The pressure of policy and regulation may distort market demand,and investors'knowledge structure is difficult to deal with the professional requirements of securitization of non-performing assets.Low market participation hinders the real securitization of non-performing assets.Through the selection of JT bank Y products as a specific analysis.Since its launch in 2016,its performance has been poor,its market participation is low,and its asset quality improvement is limited.Its design,operation and management process largely hide a willingness to cope with regulatory levels.The risk of its products can not be ignored,including the disguise of real demand under the playing role,the immature regulatory mechanism,the absence of the risk control,the lack of tracking management,and the pressure to market demand.Based on the risk perspective,the prospect of the securitization of non-performing assets of the bank is still worth looking forward to.The real pressure will force the continuous promotion of the securitization of non-performing assets,and the characteristics of the risk will still limit the market development of the securitization of non-performing assets.In the future,the dynamic maturity of market conditions is the direction,and strict scientific risk management is the main goal.