本文關(guān)鍵詞：商業(yè)銀行理財產(chǎn)品期限錯配風(fēng)險研究　出處：《首都經(jīng)濟貿(mào)易大學(xué)》2015年碩士論文　論文類型：學(xué)位論文

  更多相關(guān)文章： 銀行理財產(chǎn)品 期限結(jié)構(gòu) 期限錯配風(fēng)險 監(jiān)管

【摘要】：作為銀行業(yè)務(wù)的一項重要創(chuàng)新,銀行理財業(yè)務(wù)迅速發(fā)展,其規(guī)模也逐漸擴大。2013年,全國銀行業(yè)金融機構(gòu)理財產(chǎn)品余額首次超過10萬億元,其規(guī)模也超過了基金、信托、證券和保險行業(yè)的資產(chǎn)規(guī)模。但在銀行理財產(chǎn)品市場蓬勃發(fā)展的同時,由于其創(chuàng)新性和對傳統(tǒng)業(yè)務(wù)的沖擊,相關(guān)風(fēng)險也有所顯現(xiàn)�？v觀我國銀行理財市場,理財產(chǎn)品大多是超短期和短期產(chǎn)品,由于客戶導(dǎo)向的缺失,導(dǎo)致銀行理財出現(xiàn)期限錯配、信息透明度低及同質(zhì)化等問題。銀行通過理財期限錯配來籌措和運營資金,對理財資金“短借長貸”,這種方式在經(jīng)濟穩(wěn)定增長的情況下,資金來源的便利性會掩蓋錯配的事實,并且不會暴露風(fēng)險。但在經(jīng)濟增長乏力時,期限的錯配容易造成流動性不足,放大銀行的經(jīng)營風(fēng)險。銀行理財產(chǎn)品的期限錯配與其采用的運作模式有很大關(guān)系�！百Y金池—資產(chǎn)池”模式是我國商業(yè)銀行進行理財產(chǎn)品運作普遍采取的一種方式。我國銀行業(yè)理財產(chǎn)品以短期為主,但資產(chǎn)池中配置的資產(chǎn)多為中長期,而且絕大多數(shù)“資產(chǎn)池”內(nèi)會配置一定規(guī)模的“非標”資產(chǎn),其配置比例一般在20%至30%。資金池中的長期資產(chǎn)由于期限較長,存在更多的不確定性。資料統(tǒng)計顯示,我國理財產(chǎn)品的平均期限約為100天,而投資資產(chǎn)的平均期限則達到了8個月,期限錯配現(xiàn)象明顯。伴隨著短期資金募集和短期產(chǎn)品兌付的雙重壓力不斷累積,銀行理財產(chǎn)品的期限錯配風(fēng)險將會不可避免的暴露出來。本文基于理論研究和論述,在回顧銀行理財產(chǎn)品的發(fā)展歷程之后,對我國商業(yè)銀行理財產(chǎn)品發(fā)展現(xiàn)狀、主要運作模式、資金投向和期限結(jié)構(gòu)等進行解析,分析商業(yè)銀行理財產(chǎn)品期限錯配的潛在風(fēng)險,對期限錯配的成因進行探討。本文引入了銀行案例來呈現(xiàn)我國銀行理財產(chǎn)品的特點以及期限結(jié)構(gòu)狀況,并對其期限錯配及風(fēng)險進行分析。通過介紹發(fā)達國家銀行業(yè)先進的理財產(chǎn)品風(fēng)險管理和監(jiān)管經(jīng)驗,結(jié)合我國理財產(chǎn)品現(xiàn)狀對這些國際經(jīng)驗加以借鑒。最后,為防范理財產(chǎn)品期限錯配風(fēng)險,進行業(yè)務(wù)創(chuàng)新、風(fēng)險監(jiān)管方面的探析,促使理財產(chǎn)品業(yè)務(wù)健康發(fā)展。
[Abstract]:As an important innovation of the banking business, the banking financial business has developed rapidly and its scale has gradually expanded. In 2013, the balance of financial products of China's banking financial institutions exceeded 10 trillion yuan for the first time, and its scale also surpassed the assets scale of fund, trust, securities and insurance industry. But at the same time, as the market of banking financial products flourished, because of its innovation and the impact on the traditional business, the related risks also appeared. Throughout China's financial market, most of the financial products are ultra short and short term products. Due to the lack of customer orientation, there are many problems such as mismatch in the financial maturity, low transparency and homogenization. Banks can raise and operate funds through the mismatch of the financial period, and the "short loan and long loan" for the financial capital will not cover the fact that the convenience of the source of funds will cover the fact of mismatch under the condition of steady economic growth. But when the economic growth is weak, the mismatch of the time limit is easy to cause the lack of liquidity and magnify the risk of the bank's operation. The maturity mismatch of the bank's financial products is closely related to its operation mode. The "capital pool - asset pool" model is a common way for our commercial banks to carry out the operation of financial products. China's banking financial products are mainly short-term, but the assets allocated in the asset pool are mostly medium and long term. Most of the assets pool will be allocated to a certain scale of "non-standard" assets, and its allocation proportion is generally 20% to 30%. The long-term assets of the capital pool are more uncertain because of the longer term. Data statistics show that the average time limit for our financial products is about 100 days, while the average time limit for investment assets is 8 months, and the period of mismatch is obvious. With the accumulation of dual pressures of short-term capital raising and short-term product cashing, the risk of mismatch between banks and financial products will inevitably be exposed. This paper research and discuss on the theory, after reviewing the course of development of financial products, analysis of the status quo and development of financial products of commercial banks in our country the main mode of operation, capital investment and term structure, analysis of the potential risks of financial products of commercial banks with the wrong term, discusses the causes of the maturity mismatch. This paper introduces the bank cases to show the characteristics and term structure of banking financial products in China, and analyzes their mismatch and risk. Through the introduction of advanced financial management and supervision experience of advanced financial products in developed countries, we can draw lessons from the current situation of financial products in China. Finally, in order to prevent the mismatch risk of financial product period, we should carry on the analysis of business innovation and risk supervision, so as to promote the healthy development of financial product business.
【學(xué)位授予單位】：首都經(jīng)濟貿(mào)易大學(xué)
【學(xué)位級別】：碩士
【學(xué)位授予年份】：2015
【分類號】：F832.2

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