Officials in charge of relevant departments of the China Banking and Insurance Regulatory Commission answered questions from reporters on the "Commercial Bank Market Risk Management Measures."

On June 20th, relevant officials from the China Banking and Insurance Regulatory Commission answered questions from reporters on the "Commercial Bank Market Risk Management Measures". The officials stated that the "measures" have put forth new requirements for market risk management, which will help enhance the operational resilience of banks. Firstly, it will help banks have a clearer understanding of the relationship between market risk and interest rate risk on the bank's balance sheet, further strengthening market risk management awareness and improving the professional ability and level of market risk management. Secondly, it will help banks further optimize market risk governance structure and policy procedures, improve risk preference and risk limit systems, strengthen the foundation of data systems, enhance internal control and audit, and enhance the level of market risk management refinement. Thirdly, it will help banks closely integrate the implementation of the "Capital Regulations" with market risk management, and perform internal model validation and effectiveness monitoring. The original text is from the official website of the China Banking and Insurance Regulatory Commission.