防绩效考核过于注重短期收益！商业银行市场风险管理新政来了

Core Viewpoint - The National Financial Supervision Administration has revised the "Guidelines for Market Risk Management of Commercial Banks" to enhance capital regulation and improve market risk management levels in commercial banks, effective immediately upon issuance [2]. Group 1: Definition and Scope of Market Risk - The new "Measures" redefine market risk, excluding interest rate risk related to bank books, which is now treated separately [2][3]. - The previous guidelines, in effect for over 20 years, required updates to align with evolving banking practices and the implementation of the "Capital Management Measures" [2]. Group 2: Management and Governance Structure - The "Measures" emphasize the need for a clear governance structure for market risk management, outlining the responsibilities of the board, supervisory board, and senior management [3]. - It is highlighted that the business functions of commercial banks should remain independent from market risk management functions to avoid potential conflicts of interest [4]. Group 3: Compensation and Incentives - The "Measures" stipulate that the compensation of market risk management personnel should not be linked to direct operating profits, preventing incentives for excessive risk-taking [5]. - The board and senior management are advised to avoid compensation structures that encourage short-term profit focus at the expense of long-term risk considerations [5]. Group 4: Risk Management Requirements - The "Measures" detail comprehensive requirements for market risk management, including risk identification, measurement, monitoring, control, and reporting [5]. - There is a call for improved internal model definitions, model management, and stress testing to align with current market risk measurement frameworks and practices [5].