| The innovation of financial products in promoting rapid economic growth may also bring about serious financial losses,potential economic risks,and regional crises.This paper aims to analyze the reasons for the risks generated by China’s commercial banks’ financial product innovation and study its regulation and management theory,with the hope of accurately positioning the role of government regulation,improving the legal and institutional mechanisms of government regulation,preventing the spread of losses caused by financial product innovation,and promoting the modern management level of government regulation of financial product innovation risks,constructing a flexible and appropriate government regulation mechanism and promoting the healthy development of financial product innovation and wealth management economy.This paper takes the example of the "Crude Oil Treasure" incident of Bank of China to explore the problems faced by China’s commercial banks in financial derivative risk management.The research found that the government regulatory departments are not effective in regulating the market of bank financial product innovation,have insufficient regulatory capacity,and do not effectively supervise regulatory subjects.In response to the problems existing in the current financial product innovation of China’s commercial banks,corresponding measures were proposed,such as improving the regulatory system for financial product innovation risks,enhancing the regulatory capacity of financial product innovation risks,and strengthening the regulatory awareness of financial product innovation risks.Based on this,the author compares and analyzes the causes of risks associated with various financial product innovations based on their work experiences in the banking industry,and,in combination with the current regulatory situation of China,puts forward some countermeasures and suggestions regarding how to establish an early warning mechanism for financial product innovation in China’s comme mmercial banks,improve the coordination of various regulatory authorities,and enhance the legalization of regulation. |
