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留学生论文网:工商银行案例研究BASEL II AND THE

BASEL II AND THE CHINESE INDUSTRY ----A CAST STUDY OF ICBC

Abstract
Basel II is designed to improve the soundness, stability and consistency of international banking system. The objective of this study is to explore main implications and major challenges in Chinese banking 留学生论文网industry to implement Basel II, and how Chinese banking industry will benefit from Basel II to strengthen risk management function. The case study of ICBC is focused on the preparations required for successful implementation of Basel. First, the paper considers the background of Chinese banking industry and the recent reform, and then goes on to examine the main achievements in the process of implementing Basel in respect of risk management framework, capital management, IT system, information disclosure and so on, finally, the major challenges that lie ahead in Chinese banking industry.

Keywords: Basel II, Chinese banking industry, ICBC
 

1. Introduction
1.1 Background of the Study
In the global financial market, events like the collapse of large financial entities, the Enron bankruptcy and most recently, the US subprime crisis raise the awareness of effective internal control and risk management. Sound risk management is a cornerstone of prudent banking operation, especially in volatile economic environment. Carey (2001) suggests that risk management is more crucial in the financial market than in other parts of the economy. As part of its continued efforts to address bank supervisory issues and improve soundness and efficiency in risk management practice, Basel Committee issued Basel II in 2004 as an enhanced version of 1988 Accord. The implementation of New Basel Capital Accord continues in both Basel Committee member and non-member countries in the past four years.

Implementation of Basel II is a broad topic, therefore, the scope of the study has been focus on one of the emerging markets—China. A number of Chinese banks were established risk management under heterogeneous social and economic environment. Some of them are increasingly following new capital regulation standard to re-model their risk managements systems, however, some analysts state the task remains a major one. This paper describes main progress and potential challenges of China’s latest response to Basel II, in particular, investigates the performance of China’s biggest commercial bank—Industry and Commercial Bank of China Limited (ICBC). We need to get to the very fundamentals, both those of Basel II and China’s banking reform in order to avoid a reckless answer of simple “yes” or “no” to the question that whether China should rejecting or accepting Basel II, before we obtain correct interpretation of China’s response to Basel II.
1.2 Aims and Objectives of the Study
The objective of this study is to explore main progress and major challenges in Chinese banking industry to implement Basel II, and how Chinese banking industry, in particular, Industry and Commercial Bank of China Limited (ICBC) will benefit from the new capital accord to improve risk management framework. Following a literature review, four specific parts were investigated as follows:



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