Case Study On Internal Control Of Bill Business In A Commercial Bank

With the development of China’s financial market,the types of financial companies continue to increase,and various types of financial risks are gradually beginning to be exposed.As an important guarantee for companies to prevent risks and improve economic efficiency,internal control is increasingly valued by financial companies and financial industry regulatory authorities.As one of the main businesses of commercial banks,the bill business has always attached great importance to the regulatory authorities such as the China Banking Regulatory Commission and the Ministry of Finance.At the end of 2015,CBRC issued the “Notice on the Risk Warning of the Bills Business”.In April 2017,the “Guiding Opinions on Risk Prevention and Control in the Banking Industry” was issued,requiring financial companies,especially commercial banks,to strengthen internal control and management of the bill business.In this context,there are still many bill risk cases in the domestic commercial bank bill business.These cases have revealed that although the bill business has developed rapidly,there are still deficiencies and shortcomings in the internal control of the business.Based on the regulatory documents issued by the regulatory authorities,this paper will start with the characteristics,main risks,the objectives,content and current status of the internal control of the bill business.Taking A commercial bank bill business risk event as an example,the thesis analyzes the process of A commercial bank bill business risk event,the current status of A bank bill business internal control mainly including control architecture,control process,control policies and principles,as well as information system and data quality control mechanism.And through the analysis of the status quo of internal control,the main risks and causes of this case are demonstrated.From A bank to the industry,this thesis analyzes the problems existing in the internal control of commercial bank bill business in China,and demonstrates the ways to realize the stable and healthy development of commercial bank bill business.Based on the relevant theoretical research,this thesis combines the analysis of A commercial bank bill risk events to obtain perfect measures for the internal control of China’s commercial bank bill business risks: create a good internal control environment,optimize organizational structure for information communication,strengthen the employee’s professional ethics training mechanism,actively promote the establishment of industry information sharing platform and electronic bill system,strengthen the supervision of the compliance operation of all aspects of the bill business,and strengthen the supervision of the industry and the external supervision of the regulatory body.At the same time,hoping that the recommendations made mainly for A bank’s risk event will help other commercial banks in China.