Core Viewpoint - The revised "Commercial Bank Market Risk Management Measures" focuses on managing risks arising from adverse changes in interest rates, exchange rates, stock prices, and commodity prices, excluding bank book interest rate risk [2][5][10]. Summary by Sections Definition of Market Risk - The revised measures clarify the definition of market risk, which is the risk of loss in a bank's on-balance-sheet and off-balance-sheet operations due to adverse changes in market prices [4][8]. Governance Structure - The measures emphasize the need for a robust governance structure for market risk management, defining the responsibilities of the board of directors, supervisory board, and senior management, and highlighting the importance of managing market risk at the group consolidation level [9][10]. Market Risk Management Requirements - The measures detail the requirements for comprehensive market risk management, including risk identification, measurement, monitoring, control, and reporting. Banks are required to develop formal written market risk management policies and procedures that align with their business nature, scale, complexity, and risk characteristics [9][10]. - Banks must also regularly update their market risk management policies and procedures based on their risk appetite, risk status, and changes in external market conditions [10].