Hearing Song Qing's words, Wang Yu was thoughtful.

Cai Jingheng has the ability to pose this risk to Wing Wah Bank in Southeast Asia.

Of course, this is only one of the means, if Yonghua responds in an orderly manner and has sufficient funds, it can still be resolved.

"You go on."

How to deal with it specifically, this will be discussed after Bai Jieru comes, Wang Yu skipped this article and let Song Qing continue.

"Then there's market risk, which is divided into several types."

Song Qing is helping Wang Yu take a financial literacy class this time, this kind of thing has been done before, she is quite proficient, she knows what kind of language to use to describe Wang Yu in simple terms as much as possible, and to make him understand.

"Liquidity risk is one of the market risks, generally speaking, although commercial banks have solvency, but they are unable to obtain sufficient funds in a timely manner, or cannot obtain sufficient funds in a timely manner at a reasonable cost, it is difficult to cope with the risk of asset growth or payment of maturing debts."

After Song Qing finished talking about the technical terms, she began to explain in easy-to-understand language: "Suppose a bank has a certain amount of capital and a number of debts, and these assets and debts are constantly converting and changing, only in this way can it obtain more income in the process of operation, and can also cope with various due debts in a timely manner. It will cause difficulties in repaying due debts, and in a timely manner, you can only rely on high-interest financing to repay debts, resulting in negative growth of capital, which is liquidity risk. ”

After listening to this explanation, Wang Yu understood it, but he looked at Song Qing suspiciously: "Isn't this also a long-term systemic risk?" ”

"Yes and no, there's another risk involved."

Song Qing said to Wang Yu seriously: "Operation risk! ”

"Operational risk?"

"Yes, the unintentional or intentional operational mistakes of bank insiders in this process have led to an increase in liquidity risks that do not exist in the first place, and even an explosion!"

Looking at Wang Yu's eyes that seemed to be in disbelief, Song Qing said in an accentuated tone: "This is not a deliberate magnification of the harm, there are examples, the failure of the Bank of Bahrain in 1995 is a typical outbreak of systemic risk caused by operational risks, and the result is the collapse of the Bank of Bahrain." ”

"And such a thing?"

Wang Yu was very curious: "How does it sound so mysterious that a bank insider made a mistake and caused a bank to fail?" ”

"The Bank of Bahrain is a prominent British old aristocratic bank, there is a guy named Nick Leeson in the bank, known as the "genius trader" in the international financial community, and was the general manager and chief trader of the Bank of Bahrain in Singapore Bahrain Futures Company, known for his stability and boldness. In the Nikkei 225 futures contract market, he is known as the "invincible Leeson."

Seeing Wang Yu's look of disbelief, Song Qing began to tell the cause and effect of the collapse of the Bank of Bahrain.

In the second half of 1994, Li Sen believed that the small book economy had begun to come out of the recession, and the stock market would have a sharp upward trend, so he bought a large number of Nikkei 225 index futures contracts and call options, but "people are not as good as the sky", it backfired, on January 16, 1995, the small book Kansai earthquake, the stock market plummeted, and Li Sen's long position suffered a heavy loss, with a loss of up to 210 million pounds. ”

Song Qing said, with a look of regret on her face: "Although the situation at this time is bad, it is not enough to shake the Bank of Bahrain, but for Mr. Li Sen has seriously affected its glorious status, in order to turn defeat into victory, Li Sen once again made up a large number of Nikkei 225 futures contracts and interest rate futures contracts, and the total position has reached more than 100,000 hands, you must know that this is a futures contract that has been amplified dozens of times by the "leverage effect", when the Nikkei 225 index fell below 18,500 points, every time it falls, Mr. Leessen's position is about to lose more than two million dollars! ”

"Things tend to go in the worst direction", is a summary of the strong theory.

When he heard this, Wang Yu probably knew the result, and Li Sen must be more unlucky in the future.

Sure enough, Song Qing's next words confirmed this result.

"On February 24, after the Nikkei Index accelerated its plunge again, the position loss of the Bahrain Futures Company, where Li Sen worked, was close to the sum of the capital and reserves of its entire Bahrain Banking Group, and there was no way to raise funds, and the losses were irreparable, and Li Sen absconded in fear of crime!"

Song Qing said at the end, shrugged her shoulders and said: "In this way, the Bank of Bahrain is facing the catastrophe of destruction, and the chairman of the bank has to turn to the Bank of England for help, hoping to save the situation. However, the losses had already reached $1.4 billion, and as the Nikkei 225 index continued to fall, the losses would widen, so that no one from all financial institutions dared to reach out to bail out the former VIP of Bahrain, and the Bank of Bahrain collapsed. ”

Who would have dared to imagine that a single clerk could destroy an established bank in a short period of time?

Wang Yu also pondered for a long time after listening to this, and it was already five or six minutes later when he looked at Song Qing again.

"You mean that if someone buys a staff member in a similar position at Yonghua, it can also create a systemic risk?"

"It depends on how much authority this person has in Yonghua."

Song Qing smiled and said: "The authority of ordinary staff is not so great, like Li Sen is different, he is also the manager of a futures company."

Speaking of permissions, Wang Yu thought of two people: Luo Qianqian and Huang Mengqi.

According to Song Qing, both men have the ability to pose systemic risk to Yonghua Bank.

Whether it will or not is another matter.

Next, Song Qing successively explained to Wang Yu the risk of deposit-loan ratio, high leverage risk, interest rate change risk and other knowledge content, of course, some of these contents mentioned later do not belong to the category of Cai Jingheng's hands.

For example, interest rate changes, can Cai Jingheng influence the decision-making of the Mi Fed?

The chat between the two didn't end until Bai Jieru arrived with Milai.

"Boss, I'm going to make tea!"

Seeing Bai Jieru enter the office, Song Qing intuitively walked to the tea table in the reception area to make tea.

Wang Yu also stood up and walked to the sofa with Bai Jieru.

"Seeing that your expression is so serious, is there really something urgent?"

"It's going to be a bit of a hassle over there in Southeast Asia."

Wang Yu nodded, sat down on the sofa, lit a cigar, and took a few puffs before repeating the content of Cai Jingan's call with him.

"According to this statement, Cai Jingheng wants to take Yonghua and cut off Cai Jingan's external funding channels?"

"I'm afraid so."

Wang Yu nodded depressedly, smacked his lips and said, "Actually, Cai Jingheng can discuss it with us, and I can also not give Cai Jingan convenience!" ”

"Poof!"

Bai Jieru covered her mouth and smiled: "Master, don't make trouble, it's the right way to find a way to deal with it." ”

"Looks like you're not in a hurry, huh?"

Wang Yu glanced at Bai Jieru in surprise: "I chatted with Song Qing just now, and I know some common methods to deal with banks, some of which are still quite difficult to deal with, and if you are not careful, you can cause a lot of losses to the bank."

"Master, it's not as terrifying as you think!"

Bai Jieru said with a smile: "Some of the characteristics of our Yonghua are different from those of conventional commercial banks, so outsiders who don't know about it are doomed to fail if they want to make small moves!" ”

Wang Yu was stunned for a moment, then looked at the little woman opposite and smiled: "I want to hear it!" ”

(End of chapter)