The Relationship Between Credit Asset Securitization And Stability Of Commercial Banks

In recent years,with the opening up of China's financial market and the innovation of financial market,traditional commercial banks are facing pressures.The savings rate of residents has been declining year by year,and the quality of bank assets has been impacted.It is of great significance to study the stability of commercial banks for the healthy development of China's financial market and macro-economy.Credit Asset Securitization,as a financial innovation tool,provides banks with a means of financing,and also provides investors with the choice of asset allocation.The impact of Credit Asset Securitization on commercial banks has always been a topic of academic concern.In this paper,we have done some research on both theoretical and empirical aspects.In theory,this paper summarizes the definition,basic structure,basic principles and development status of credit asset securitization,and points out the impact mechanism of credit asset securitization on the operational stability of commercial banks.Empirically,we select the quarterly change data from the second quarter of 2012 to the third quarter of 2018,and use the fixed effect model to study the relationship between credit asset securities and operational stability of commercial banks.The results show that the development of credit asset securitization by banks is not conducive to the stability of commercial banks.Finally,on the basis of the research,we put forward four policy suggestions: realizing the statement of assets and eliminating invisible guarantee;controlling the scale of securitization and preventing bank operation risks;perfecting market pricing and improving market liquidity;perfecting legal system and strengthening information disclosure.From the perspective of credit asset securitization,this paper comprehensively studies the impact of asset securitization on the stability of commercial banks,so that management can fully understand the role of asset securitization in bank operation and rationally plan the issuance of securitization.