《商业银行中间业务英语原文》由会员分享，可在线阅读，更多相关《商业银行中间业务英语原文（9页珍藏版）》请在金锄头文库上搜索。
1、Intermediate business of commercial banks innovation: the international experience and enlightenment Cheng HuaAbstract：Intermediate businessIs the basis and the origin of the commercial bank, and the new profit growth point of commercial Banks. In this paper, the west commercial bank intermediary bu
2、siness innovation motivation and current situation, then explains its enlightenment significance to our country.Key words：Intermediate business; Financial innovation; Mixed managementIntermediate business innovation, and by regulators or commercial Banks as the main body, intermediate business in co
3、mmercial bank system, internal management, financial innovation of the market, products and technologies, etc. Commercial bank middle business innovation as an important part of financial innovation, is developed in practice, its theoretical basis mainly comes from the modern theory of financial inn
4、ovation, which is representative of constraint induced type financial innovation theory (w. l. S lb e I r), avoid sex (E.J.K a n e) financial innovation theory, transaction cost theory (J.R.H ek I S: j. ieh a n S), wealth theory (s. I.G r e e n u m b: C, F, H d a y W o o), and asset appropriation th
5、eory, scope economy theory.Based on the above theory as guidance, this paper analysis the western commercial bank middle business innovation motivation and current situation, in order to provide reference and enlightenment for our country bank intermediary business innovation.Modern commercial bank
6、intermediary business innovation specific reason analysis2 0 century 8 0 s, western commercial Banks has been the traditional deposit and lending business is the management focus, but on the following factors, driven by the west commercial bank intermediary business innovation to flourish, and most
7、of these factors are found support in theory.(a) the needs of customers.Along with the development of economy and growing middle class not only wealth safety, and puts forward higher requirements to value-added services, need bank provides various financial tools, the increasing need of intermediary
8、 business of consulting, agent, etc. After the collapse of the bretton woods system, the interest rates on frequent exchange rate fluctuations, the microscopic economic subject urgently need to transfer to evade interest rate risk of tools, formed with scattered, transfer function of the intermediar
9、y business risk, such as futures, options and swaps, huge demand. Wealth theory explains the wealth growth in demand for financial assets and financial transactions, and confirms this period of time in western countries in the middle of a big motivator of business innovation.(b) the market competiti
10、on2 0 century 8 s, western banking competition is mainly focused on product quality, price, etc. Into 0 s, 9 operating environment changes make the industry more competitive, Banks in service, variety, quality and the price difference is shrinking, the new product life gradually shortened, competiti
11、ve advantage can maintain time is very limited, this makes the rich service content of intermediary business has become an important means to meet customers needs.2 0 s, 9 0 century western countries has fallen lower and lower market interest rates. The fall in the spread income reduced net interest
12、 margin of Banks. In this case, the bank in order to survive, have to adapt to changing market to develop all kinds of spread business, in order to increase income.Constraint induced type theory, points out that when the economy is the change of the situation hindered the financial institutions to a
13、chieve the profit maximization goal, certainly will force them to explore new financial tools, services varieties, from both inside and outside, in order to increase their competitive ability. According to this theory, the founder of the silber, 19701982years, the United States nearly 6 0% can be ex
14、plained with the theory of financial innovation.(c) regulation of relaxationRelaxation of financial regulation law makes intermediary business development of commercial Banks to have bigger autonomy, and greatly promoted the innovation of intermediary business. 2 0 century since 8 s, the financial r
15、egulatory authorities pursued law without banned permission regulatory philosophy, modify the relevant laws and institutions, relaxed management, and financial business is becoming more and more liberalization. In loose legal environment, financial regulation can commercial Banks according to the di
16、fferences in customer demand for innovative products(d)mixed by the camp2 0 century, growing financial innovations blur the boundary between the different business of financial institutions, financial globalization has intensified competition between financial institutions, separate operation system began to collapse. Following shall be adopted by the United States, Japan and other countries such as Britain, have to
