Basel框架下ORI风险缓释效应的缺陷与修正

操作风险保险(Operational Risk Insurance,ORI)是操作风险管理的重要举措,新Basel协议在首次将操作风险纳入其监管框架第一支柱的同时,对ORI也给予了特别关注。然而,由于没有合理考量风险缓释效应,新Basel框架在这方面的各种安排可能会引致一系列与其目标相冲突的陷阱,如不公平竞争问题、监管套利问题等。本文试图通过对ORI风险缓释效应的量化分析,在揭示这些问题的同时为最终修正这些缺陷提供一些思路,从而更好地实现Basel框架的宗旨,也为完善我国的操作风险管理实践提供参考。

The flaw of and Remedy for ORI Slow Release Effect under Basel Framework

ORI (Operational Risk Insurance)is an importance measure of operational risk management. In the new version of Basel Accord, operational risk is regarded as the primary pillar of supervision for the first time while ORI is especially stressed. However, because the slow-release effect of risk is not reasonably considered, arrangements under new Basel framework may lead to a series of pitfalls such as unfair competition and profit-taking through supervision, running counter to its objective. This paper attempts to quantitatively analyze the slow-release effect of ORI and provide some solutions so that the objective of Basel framework can be better realized and risk management be improved in our country.