A Study On The Influence Of The Use Of Derivatives Based On Accounting Information On The Market Risk Of Commercial Banks

Today,the subject of commercial bank planning and management is risk management.According to Basel new capital accord,it can be concluded that credit risk,market risk and operational risk together constitute the primary risk of commercial Banks.With the continuous growth and maturity of China's economic market,the coordination degree of social material production,circulation,exchange and other activities around the world has become more consolidated,and market risks have become increasingly critical in the planning and management of commercial Banks and other daily activities.Market risk is regarded as one of the three major risks of commercial Banks.It is caused by the negative change of market value such as interest rate,exchange rate,stock value and commodity value,which leads to the loss of commercial Banks.The reason why commercial Banks use financial derivatives may be used to achieve two sometimes conflicting purposes: one is to hedge and reduce risk exposure;The other is used for speculation,charging revenues and fees related to the trading and issuance of financial derivatives that may increase exposure to risk.Under the guidance of risk management theory,information misformation theory and market efficiency theory,this paper established a two-stage time series crosssectional regression model,and took the data of listed commercial Banks from 2007 to2018 as samples to test the relationship between the use of derivatives and market risks.The empirical findings show that the use of derivatives has a significant positive correlation with the market risk of commercial Banks.In particular,the use of more interest rate derivatives and exchange rate derivatives will cause commercial Banks to face greater systemic interest rate risks and exchange rate risks.The positive correlation between derivatives and market risk appears not only in the financial derivatives used for trading purposes,but also in the financial derivatives used for hedging purposes.This paper also studies the size of commercial Banks and the impact of the funds they have,thus providing a better understanding of the role of the worldwide economic crisis in linking derivatives to market risk.This paper shows that to achieve the convergence of international accounting standards,China still needs to improve the accounting standards for financial instruments step by step.Strengthening accounting can improve China's socialist market economy system,effectively improve the effectiveness of the market economy,but also can further improve the professional quality of enterprise financial personnel,improve the efficiency of the use of funds.