商业银行市场风险管理要求迎来细化

Core Viewpoint - The Financial Regulatory Authority has revised the "Guidelines for Market Risk Management of Commercial Banks" to enhance capital supervision and standardize business operations, thereby improving market risk management levels in commercial banks [1][2]. Group 1: Definition and Scope of Market Risk - Market risk is defined as the risk of loss due to adverse changes in market prices (interest rates, exchange rates, stock prices, and commodity prices) affecting both on-balance and off-balance sheet activities of commercial banks [2][4]. - The revised guidelines clarify that market risk no longer includes interest rate risk related to the banking book, focusing instead on the fluctuations in market prices that impact bank profits and losses [4]. Group 2: New Requirements and Enhancements - The new regulations require banks to manage market risk through a comprehensive process, detailing requirements for risk identification, measurement, monitoring, control, and reporting [1][3]. - The guidelines aim to enhance banks' operational resilience by improving their understanding of the relationship between market risk and banking book interest rate risk, optimizing governance structures, and integrating the implementation of capital management with market risk management [3]. Group 3: Responsibilities and Governance - The responsibilities of the board of directors, supervisory board, and senior management regarding market risk management are clearly defined, emphasizing the need for a risk culture aligned with market risk management requirements [5][6]. - The guidelines specify that business units are the direct bearers and managers of market risk, while a dedicated department must be established to oversee market risk management policies and procedures [6].