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Title: |
Structured Finance, Financial Crisis and Commercial Bank Credit Risk Management |
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Source: |
International Conference on Engineering and Business Management 2012(Part 2 Enterprise Operation and Management（2）)
(pp 1290-1293)
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Author(s): |
Hui Wang, Shijiazhuang University of Economics, Shijiazhuang, China, 050031
Jianguo Pan, Tianjin University, Tianjin, China, 300072 |
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Abstract: |
Structured finance could be described as referring to the repackaging of cash flows that can transform the risk, return and liquidity characteristics of financial portfolios. Western commercial banks use structured finance in credit risk management broadly and this is a important cause of the global financial crisis. To structured finance, commercial bank should keep rational aptitude, in the meanwhile of insisting on risk management instrument creation, not ignore the traditional credit risk management approaches.
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