银行应筑牢风险防控基石

Core Viewpoint - The National Financial Supervision Administration has revised the "Guidelines for Market Risk Management of Commercial Banks" to enhance capital regulation and standardize business operations, resulting in the release of the "Market Risk Management Measures" on June 20, emphasizing the importance of a robust market risk governance framework for banks [1] Group 1: Governance Structure - The board of directors bears ultimate responsibility for market risk management and is crucial in leading the governance framework [1] - Senior management must establish specific market risk limits based on the board's objectives and ensure effective communication and execution within the bank [1] - The supervisory board plays a vital role in overseeing the board and senior management's performance in market risk management, ensuring effective implementation of policies [2] Group 2: Risk Management Departments - Establishing a dedicated market risk management department is essential, with clear responsibilities and independence from business operations [2] - This department is responsible for formulating policies, measuring, monitoring, controlling, and reporting market risks, ensuring compliance with risk limits [2] - Internal audit should regularly review the market risk management system to identify vulnerabilities and report directly to the board and supervisory board [2] Group 3: Role Clarity and Incentives - Banks must ensure clear division of responsibilities among functional departments, maintaining independence between business operations and market risk management [3] - Compensation and incentive mechanisms should align with market risk management goals to prevent excessive short-term profit pursuits that could lead to uncontrolled market risks [3] - Continuous optimization of the governance structure across various levels is necessary to effectively address market risk challenges and maintain competitiveness [3]