A new market risk management approach for commercial banks' fixed‐income securities trading accounts
基于中国商业银行固定收益证券交易的日常实践，开发了一个针对人民币交易账户的市场风险管理框架，对金融机构和监管机构有参考价值。
Abstract As the financial market in China persistently develops, the market risk of commercial banks' trading account and its risk management have become a heated topic for both financial institutions and regulatory authority. Based on the fixed‐income securities trading's daily practices of commercial banks, this paper develops a framework of market risk management for commercial banks' RMB trading accounts.