Basel II in the Practice of Chinese Banks - Financial Practice. Domestic Publications

Author: Zhou Wei
Publisher:
Publish Date: 2006-07-01
Features: After Hong Kong had just weathered the Asian Financial Crisis, the author was assigned by the Bank of China headquarters to work on risk management in Hong Kong. To meet the needs of bank management reform, he began preparing to launch a credit risk management reform project. This project was one of the earliest in the industry in Hong Kong and featured characteristics of the implementation of the Basel New Capital Agreement. The project officially launched in 2001 with the goal of: referring to the spirit of the Basel New Capital Agreement, combining the bank's operating environment and practical conditions, establishing an internal rating system, loss forecasting, risk pricing, portfolio management, and capital management models, and implementing them in a comprehensive risk management system. This was intended to drive reforms in credit business processes, organizational structure, and policies and procedures, ultimately achieving maximized risk-adjusted shareholder returns. This book compiles and summarizes research articles formed during the implementation of the project. The book is divided into two parts: one is the theoretical part, mainly discussing the Basel New Capital Agreement; the other is the practical part, mainly consisting of project presentations made by the author during the credit risk management reform project. These articles are beneficial for both beginners in risk management and practitioners in the field.