Research Of Risk Management In Asset Management Business Of C Bank

Currently,with the rapid development of direct financing channels and market-oriented interest rates,asset management business in China has become an important part for financial markets to serve economic development after more than ten years of rapid development.Asset management business is a financial innovation business developed gradually under the environment of interest rate control,financial disintermediation and independent supervision,which has a completely different business structure,operational rules and risk management requirements from traditional banking business.Bank asset management business has become the drivers of bank operation transformation and the inevitable trend of future financial innovation.According to the rough statistics of the relevant data of financial market,there are 562 banking financial institutions in China which have the financial products with a lifetime by the end of 2017.The total scale of asset management business of financial institutions in China has reached 103.9 trillion yuan.Excluding the cross-holding factor,the figure has expanded to nearly 60 trillion yuan.China has entered the epoch of "Huge Asset Management".On the one hand,the rapid development of asset management industry has accumulated a lot of achievements for it,which has promoted the prosperity and stability of the financial system,thereby plays an extremely important role in the national economy and financial market.However,on the other hand,there are many potential risks along with the rapid development.Therefore,the key to running the asset management business of commercial banks is to identify the potential risks in the asset management business,and to establish an effective risk management model and to perform the management.This paper takes Bank C as an example,through the analysis of its asset management business model and risk management status,elaborates and summarizes the key risks in its actual asset management business,and puts forward suggestions for improvement.Suggestions for management are as bellow:First of all,recreating a risk culture.Namely taking the risks that may arise in the process of asset management business seriously,re-establishing a risk management culture different from traditional deposit and loan business,and establish a risk culture of "active management,full utilization and innovation-oriented" of asset management business.Secondly,constructing a scientific asset management business risk management system,including a comprehensive asset management business risk quota policy,a sound asset management business system and risk management system,and a process of integrating risk management into business.Thirdly,preventing and controlling the market risk and credit risk,including preventing the risk from the source and resolving the risk from the mechanism.Last but not least,speeding up the development of qualified personnel,and building a scientific organizational structure,including establishing a perfect top-down organizational structure of management business,strengthening position checks and balances,accelerating the training of qualified personnel,and establishing a management team with strong risk awareness and business ability.In conclusion,this paper is a good reference for Chinese commercial banks to integrate risk management into the innovative development and sustainable development of asset management business.