明确董监高职责分工，银行市场风险管理迎新规

Core Viewpoint - The National Financial Supervision Administration has issued the "Market Risk Management Measures for Commercial Banks," which introduces new requirements for market risk management in commercial banks, replacing the previous guidelines from 2004 [1][2]. Group 1: Definition and Framework - The new measures redefine market risk, focusing on losses from adverse changes in market prices such as interest rates, exchange rates, stock prices, and commodity prices, excluding bank book interest rate risk [1]. - The measures consist of five chapters and forty-three articles, detailing the governance structure and management requirements for market risk [1][2]. Group 2: Governance Structure - The measures strengthen the governance framework for market risk, assigning clear responsibilities to the board of directors, supervisory board, and senior management [2]. - The board of directors is tasked with treating market risk as a primary risk and ensuring a corresponding risk culture is established [2]. Group 3: Risk Management Process - The measures require banks to implement comprehensive management of market risk, detailing processes for risk identification, measurement, monitoring, control, and reporting [2]. - There is an emphasis on improving internal model definitions, model management, and stress testing requirements to align with current market risk measurement frameworks [2]. Group 4: Implementation and Oversight - The National Financial Supervision Administration will enhance supervision and guidance to ensure the effective implementation of the new measures, aiming to improve banks' market risk management capabilities [2].