Research, Design, and Implementation of Internal Control Systems in Chinese Commercial Banks, Application of Financial Engineering in Risk Management in Chinese Commercial Banks

Author: Ye Yonggang
Publisher:
Publish Date: 2003-11-01
Features: This book takes state-owned commercial banks as examples to comprehensively classify and organize the current business processes and management processes. It identifies the main risk management and control measures in various processes and implements these control measures in the corresponding internal control roles and responsibilities. This reform and reengineering of the control system can not only significantly improve the effectiveness of internal control but also greatly reduce the cost of internal control, while also leaving a highly operational interface for the expansion of new business for commercial banks. This book is the result of a joint research project between China Construction Bank and Wuhan University. The research team conducted extensive field research, drawing on relevant domestic and international experience, and applied the basic principles of financial engineering to study and design the internal control system of China's state-owned commercial banks. It constructed the overall framework and organizational structure, role and responsibility system, tool system, and evaluation system of the internal control system, forming a complete design scheme for the internal control system of commercial banks. This scheme identifies the various risk points in the risk internal control system of commercial banks, demonstrating strong practicality and operability. Pilot programs in some branch banks have been very successful, and it holds certain reference value for the internal control management of commercial banks.