Research On The Accounting Treatment Of Bank A’s Wealth Management Business Under The New Regulations On Asset Management

In recent years,the continuous improvement of the national economy has been accompanied by the rapid accumulation of residents’ wealth,which has brought about the vigorous development of wealth management business.In April 2018,the four major regulatory agencies promulgated the "Guiding Opinions on Regulating the Asset Management Business of Financial Institutions".First,the wealth management business is required to be fully published on the balance sheet.Second,from the asset pool operation mode to the separate account establishment and separate accounting mode,the financial management business on behalf of customers is completely realized from the perspective of accounting.However,the financial management of commercial banks in my country has not yet formed a standardized and unified accounting standard due to factors such as separate supervision and late start.Financial risk,has become an imminent problem.At present,there are 123 regional city commercial banks in China,and they have a significant share in China’s wealth management market.However,because they belong to local legal persons,the supervision cost is low,and there are many problems in the accounting standards of their wealth management business.Therefore,this article taking Bank A,the city commercial bank with the largest wealth management business in H province,as an example,based on the analysis of domestic and foreign literature,through on-the-spot research and interviews,and fully researched the relevant data on the accounting treatment of wealth management business in the bank’s financial report from 2018 to 2020,Revealed the current accounting status of its wealth management business,found that the bank has problems such as violation of accounting information quality requirements,lack of independent accounting system,incomplete accounting scope,and low use value of disclosed information,and explained the causes of the problems.Finally,according to the characteristics of Bank A,based on the experience of advanced asset management banks,and combining with the new regulations and other institutional requirements,it proposes a method for establishing the accounting treatment system of Bank A’s wealth management business.Suggestions such as standardizing management of accounting,improving the supervision and management mechanism of commercial banks’ wealth management business,and establishing a self-assessment system for commercial banks’ wealth management business.For commercial banks,the research in this paper has established a set of wealth management business accounting system that is applicable to Bank A and can be replicated and promoted.It has carried out positive and beneficial explorations in the whole process of confirmation,measurement,accounting and disclosure,which can effectively deal with asset management.The pressure of compliance operation and risk prevention and control brought about by the new regulations;for local supervision,further regulating small and medium-sized financial institutions to promote the vigorous and orderly development of the financial market;for investors,improving the efficiency of information use and facilitating investment decision-making.