利率市场化进程中的商业银行流动性管理

The Liquidity Management of Commercial Banks in the Process of the Liberalization of Interest Rates

利率市场化的推进将影响银行负债来源的稳定性。利率市场化的推进可能加大逆向选择和道德风险,进而影响到期现金流。利率市场化的推进或将挤压银行流动性缓冲区。商业银行应该从以下六个方面不断优化流动性风险管理:建立完善的流动性管理组织架构;实施表内外、境内外、本外币兼顾的流动性管理策略;进一步提升期限错配管理能力;丰富商业银行流动性管理的计量方法和手段;完善流动性风险过程管理的手段;加大科技投入,提升巴塞尔流动性指标计量的精度和频度。

The progress in the liberalization of interest rates will affect the stability of the debt sources of banks. The liberalization of interest rates may increase adverse selection and moral hazard, and thereby affects the future cash flow. It may decrease the liquidity buffer of banks. Commercial banks should optimize their liquidity risk management in following six aspects: to construct a perfect liquidity management framework; to implement a liquidity management strategy relating balance sheet & off-balance sheet business, domestic & overseas business, RMB & foreign currency business; to continue enhancing the capability to manage the maturity mismatch; to increase the measurement methods and means of the liquidity management of commercial banks; to improve the process and means of liquidity risk management; to increase investments in technology so as to improve the measurement accuracy and frequency of the Basel liquidity indicators.