厘清边界，商业银行市场风险管理新规落地

Core Viewpoint - The newly revised "Measures for Market Risk Management of Commercial Banks" focuses on identifying and managing market risks related to interest rates, exchange rates, stock prices, and commodity prices, while excluding bank book interest rate risks [1][2][3] Group 1: Definition and Scope of Market Risk - Market risk is a major risk faced by commercial banks and plays a crucial role in comprehensive risk management [2][3] - The revised measures clarify the distinction between market risk and bank book interest rate risk, which are now treated as independent categories [2][3] - The new regulations aim to enhance the understanding and management of market risks within the banking sector [4][5] Group 2: Governance and Management Requirements - The revised measures consist of five chapters and forty-three articles, focusing on defining market risk, improving governance structures, and detailing management requirements [4] - Responsibilities of the board of directors, supervisory board, and senior management are clearly defined, emphasizing the need for a robust governance framework [4][5] - Banks are required to manage market risks throughout the entire process, including risk identification and measurement, and to enhance internal models and stress testing [4][5] Group 3: Enhancing Operational Resilience - The new regulations are designed to strengthen the operational resilience of banks by improving their understanding of market risks and enhancing their management capabilities [4][5] - The measures encourage banks to align the implementation of capital management regulations with market risk management practices [5] - Recommendations include adopting proactive risk management strategies and leveraging technology, such as AI-driven platforms for market risk monitoring [5]