商业银行不良资产证券化存在风险及对策分析

Risks and Strategies for NPAS of Commercial Banks

从我国开始促进发展商业银行不良资产证券化至今,已取得了一定的成效和收益,但其仍然面临的一定的风险和挑战,面临的风险主要包括定价风险、信用风险、法律政策风险、结构风险等。其成因主要在于商业银行管理体制落后,信用风险管理方法欠缺,监督监管体制不完善,商业银行绩效考核机制不完善等方面。我国应进一步完善我国金融市场环境,健全不良资产证券化法律政策制度体系,完善资产证券化会计处理准则,规范监管商业银行不良资产运作机制,发展和完善信托方式和交易结构,从而进一步促进商业银行不良资产证券化的发展与完善。

Commercial banks in China have achieved some success and benefits since China promoted the development of non-perform-ing asset securitization （NPAS）. However, there are still risks and challenges, including pricing risks, credit risks, legal policy risks and structural risks. Reasons of these risks are backward management systems of the commercial banks, inefficient credit management, un-sound supervision system and inadequate performance appraisal mechanism of the banks. China shall improve the environment of domes-tic financial market, the legal policy system for NPAS and the accounting standard for asset securitization. It shall also standardize the mechanism for regulating the operation of non-performing asset （NPA） and develop and improve trust and transaction structure, so as to facilitate the development of NPAS.