Fedwire风险管理实践及对我国的启示

Risk Management of Payment System and Fedwire's Practice

20世纪,信息技术与金融业的有机融合,实现了支付资金的电子划拨服务,这一服务方式使金融机构降低成本、提高效率、加强竞争能力的同时,也带来了支付系统前所未有的风险。加快建设和完善我国现代化支付系统,特别是加强对支付系统风险的研究与控制具有十分重要的意义。本文在对支付系统风险进行归类和总结的基础上,研究了美国联邦储备银行大额支付系统Fedwire在30多年运行过程中的风险控制实践和经验,提出了加强我国支付系统风险管理的主要措施。对于加强我国支付系统的风险管理,本文认为应从加强流动性管理、信用风险管理和系统监管三方面着手。

In the 20th century, the organic combination between information technology and finance industry has brought about the electronic transfer service for payment means. While this service can help to lower cost of financial institutions, improve efficiency and strengthen competitiveness, it brings along unprecedented risk to payment system, it is of great significance to speed up the construction and perfection of our modern payment system, especially to strengthen the research and control risks in payment system. Based on a summary of risks in payment system, this paper studies the experience of Fedwire in the risk management of payment system and puts forward some measures to strengthening risk management in payment system. As to China, it is suggested that the work should be done in three aspects, that is,strengthening the liquidity risk management, credit risk management and supervision over system.