A Research On The Current Situation?Problems And Supervision Countermeasures Of China's Commercial Interbank Business

In recent years,the scale and profit of commercial banks in our country have both achieved substantial growth,which is largely due to the rapid development of interbank business in our country.The inter-bank business has the advantages of flexible mode and convenient operation,connecting commercial banks in the financial system with non-bank financial institutions such as trust,securities,funds and insurance,breaking the regional restrictions of the financial market and bringing new vitality and impetus to the financial market in China.However,due to the " separate supervision" model currently adopted in China's financial supervision,different supervision policies are applied to various financial sub-industries,which to some extent leads to undesirable phenomena such as regulatory arbitrage and policy rent-seeking,and brings new liquidity risk and credit risk to China's financial system.Under this background,it is necessary to deeply understand the nature of the interbank business,explore the role of the interbank business in the modernization of China's financial system and the various risks it may cause,and provide policy recommendations for the supervision of the interbank business.This article is divided into four parts.The first part introduces the overall development and operation mechanism of the interbank business.From a macro perspective,the control over the loan scale of commercial banks by monetary authorities and the control over the loan investment of commercial banks by regulatory authorities are the objective reasons and background for commercial banks to vigorously develop the interbank business.Commercial banks' constant pursuit of scale expansion and performance growth is the subjective factor in the development of interbank business.The second part introduces in detail the business model and existing problems of each major interbank business category,including bill business,buying and selling back business,interbank investment business,asset transfer business and off-balance sheet business.The common features of these business categories are that they can evade the regulatory agency's restrictions on the size of traditional loans and the direction of the industry to a certain extent and have the attribute of" regulatory arbitrage".The third part analyzes the risks brought by the current nonstandard operation of the interbank business and the difficulties in the supervision of the interbank business,and puts forward suggestions on the supervision policies.The interbank business is a " double-edged sword" for China's financial market.If correct and reasonable regulatory measures and policy guidance can be applied to maximize the market advantages of the interbank business,it will greatly promote the modernization of China's financial system.This article attempts to analyze the business model of the interbank business from the perspective of supervision and put forward supervision suggestions in order to continuously improve the supervision means and strengthen the top-level establishment to establish a " fast track" for the rapid,standardized and reasonable development of the interbank business.