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论文编号：	9687
作者编号：	2120152841
上传时间：	2017/12/8 17:29:38
中文题目：	X银行债务融资工具业务风险管理研究
英文题目：	Research on Risk Management of X Bank’s Debt Financing Instruments Business
指导老师：	王曼舒
中文关键字：	X银行；债务融资工具业务；风险管理
英文关键字：	X bank；debt financing instruments business；risk management
中文摘要：	摘要 近年来，非金融企业债务融资工具不断发展创新，目前已成为企业进行直接融资、机构投资者配置优质资产的重要平台。我国的银行间债券市场迅速成长，市场的各参与者在享受新趋势赋予的机会的同时也面临着新的挑战。随着较为频繁出现的债券违约事件，银行间债券市场的良性发展受到影响。面对如此的形势，如何完善自身的风险管理，有效识别和规避所承销债券的违约风险，成为银行必须重视和亟需解决的课题。本文以X银行为研究对象，分析其现有的风险管理状况，探索其目前在债务融资工具业务上存在的问题。根据上述的分析研究，本文尝试对债务融资工具业务的全流程提出优化方案。在具体方案方面，根据业务的不同阶段，分别针对各阶段存在的风险问题提出优化方案。通过制度约束、部分职责的重新划分，提高尽职调查的质量，加强对企业的筛选和对风险识别；通过人才队伍的建立和培训机制，提高专业风险评审团队的专业性，权衡风险；通过提升发行承销团队对市场的研判能力，选择合理的发行窗口进行发行工作，降低债务融资工具发行失败产生的被动包销风险；在存续期内，通过对企业的持续跟踪了解，识别企业新出现的风险；通过风险意识的培养、团队的建设并合理利用审计发现，提高对风险的识别和规避能力。根据此优化方案，提出该方案顺利执行所需要的内外部保障措施，包括银行间市场交易商协会的制度支持和X银行内部的保障手段。本文从银行自身的风险体系以及银行外部的市场、监管机构等角度分析了债务融资工具业务风险产生的原因及对策，其中针对监管机构薄弱环节提出的建议，如加强投资者保护机制的落实、完善增信措施等，对完善市场监管措施有一定意义。通过本文的研究，可以给予X银行优化债务融资工具风险管理水平的建议，通过本文的研究，能够助力X银行提高债务融资工具风险管理水平，推动债务融资工具业务良性发展，提高在银行间债券市场的影响力。本文对X银行债务融资工具风险管理问题的研究，对其他银行债务融资工具风险管理的优化起到一定程度的参考作用。
英文摘要：	Abstract In recent years, non-financial corporate debt financing instruments continue to develop and innovate, so that it has now become an important platform for enterprises to directly finance and allocate quality assets to institutional investors. The inter-bank bond market in our country grows rapidly. All participants in the market are also facing new challenges while enjoying the opportunities afforded by the new trend. With the more frequent bond defaults, the healthy development of the inter-bank bond market was affected. Faced with such a situation, how to improve its own risk management, effectively identify and evade the default risk of underwriting bonds has become a problem that banks must pay attention to and urgently need to solve. This paper takes X Bank as the research object, analyzes its existing risk management status and explores its current problems in the debt financing instruments business. According to the above analysis and research, this article attempts to optimize the whole process of debt financing instrument business. For specific plans, we give different advices to different business phases. By professional team building and professional training, bank can make the risk management team more professional. By improving the judgment of the market, wise choice of the bond issuing time, bank can reduce the risk that bank has to invest the bond due to its issuing failure. By tracing the status of the corporate, bank can discover the new risk. By raising risk awareness, team building and proper use of audit findings, bank can improve the risk identification and avoidance ability. According to this optimization plan, we raise the internal and external security measures required for the successful implementation of the plan, including the institutional support of the NAFMII and the internal guarantee measures of X Bank. This paper analyzes the causes and countermeasures of the risk of debt financing instruments from the perspective of the bank's own risk system as well as the external market of the banks and the regulatory agencies. The suggestions about the weak links of the regulatory agencies, such as strengthening the implementation and perfection of the investor protection mechanism, increase confidence measures and so on, have some significance on improving the market regulatory measures. By the research in this article, we can give X banks suggestions on how to optimize the risk management of debt financing instruments. By the research in this article, we can help X Bank improve the risk management of debt financing instruments, promote the healthy development of debt financing instruments and enhance the efficiency of debt financing instruments in the inter-bank bond market Influence. This paper studies the risk management of X-bank debt financing instruments, which plays a certain reference role in the optimization of risk management of other bank debt financing instruments.
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