我国商业银行信贷资产证券化风险防范机制与对策研究.pdfVIP

我国商业银行信贷资产证券化风险防范机制与对策研究 摘 要 作为一种金融创新产品，资产证券化凭借其本身的特点和优势为金融市场中 的融资方和投资方提供了一种新的融资和投资的选择，成为最近几十年来最为活 跃的金融业务之一。资产证券化作为一种解决银行资产流动性问题的金融创新工 具,使银行信贷风险向资本市场转移,使直接融资向间接融资转化,促使货币市场 与资本市场日益融合,从而实现风险转移与风险融资的双重目标。中国资产证券 化发展正处于两难境地，导致这种情况的根本原因在于资产证券化风险控制问题 没有得到圆满解决。由于资产证券化在中国的发展是一种必然，且商业银行要成 功开展信贷资产证券化，蕴含着各种各样的风险，因此资产证券化风险研究有很 强的理论和现实意义，值得我们认真思考。 在国内，随着房地产价格出人意料的上涨，我国住房抵押贷款的风险已经越 来越大，本文主要借鉴资产证券化理论，通过美国次贷危机风险启示及我国商业 银行信贷资产特点对我国银行开展信贷资产证券化所面临的风险进行分析。最后 从七个方面对我国信贷资产证券化风险的防范提出了对策建议。 关键词：商业银行，资产证券化，风险防范 II 我国商业银行信贷资产证券化风险防范机制与对策研究 Abstract As one of new innovated financial products, asset securitization provides choice for both financing and investment by its outstanding advantage in markets and it has led the active transactions for decades. Securitization of bank assets as a solution to the problem of liquidity of financial innovation tools to make bank transfers credit risk to the capital market, direct financing to indirect financing the transformation of money market and capital market to promote more integration in order to achieve risk transfer and risk financing. The development of asset securitization in China is being in a dilemma called the thunderclap are big, the raindrop are few, which resulted of the basic reason that the risk control of asset securitization could not be obtained the satisfactory solution. Because the development of asset securitization in China is also one kind of necessity, however, commercial banks must handle risks in the process of securitization, choosing asset-based and the selections, so how to manage these risks is a essential issue for commercial banks. Asset securitization in China is also one kind of necessity, the risk investigation of asset securitization has the very strong theoretical and practical significance and is worth