Core Viewpoint - The Financial Regulatory Administration has released the revised "Measures for Market Risk Management of Commercial Banks," focusing on risks from adverse changes in interest rates, exchange rates, stock prices, and commodity prices, while excluding bank book interest rate risks [1][2]. Group 1: Definition and Scope - The revised measures clarify the definition of market risk and specify its applicable scope, excluding bank book interest rate risks, thereby enhancing alignment with other regulations such as the "Measures for Capital Management of Commercial Banks" [1][2]. Group 2: Governance Structure - The measures emphasize the need for a robust market risk governance structure, defining the responsibilities of the board of directors, supervisory board, and senior management, and highlighting the importance of market risk management at the group consolidation level [1][2]. Group 3: Management Requirements - The measures detail comprehensive market risk management requirements, including risk identification, measurement, monitoring, control, and reporting, as well as internal model definitions and stress testing requirements to align with current market risk measurement frameworks [1][2].