Bank of China crude oil treasure after entering the storm situation also spoke highly alert to external risks

Bank of China crude oil treasure after entering the storm situation also spoke highly alert to external risks
After the huge loss of the Bank of China’s “Crude Oil Treasure”, the quarterly monetary policy implementation report on May 10th put forward the need to adhere to the bottom line thinking, maintain high vigilance against possible external risks, and make proactive policy reserves to promote nationalThe economy operates steadily.On May 4, the Financial Stability Development Committee of the State Council once said that it is necessary to attach great importance to the risks of financial products brought about by the price changes in the international commodity market.Recently, the Bank of China “Crude Oil Treasure” incident sounded the alarm for the risk of bank account commodity trading business.On April 22, Bank of China “Crude Oil” participated in the New York market crude oil futures May contract -37.The settlement price of 63 USD / barrel was confirmed to be effective, causing huge losses to customers and causing market attention.”It was” Watching the Fire Across the Bank “, and finally found out that it was my own family who burned it.”Some investors lamented this.The preliminary report also mentioned that the epidemic affected global investors’ expectations, and the “black swan” incidents in the international financial market occurred frequently. The sharp decline in US stocks in March triggered the fuse mechanism four times. On April 20, the international crude oil futures settlement price fell to a negative value for the first time in history, and financial risks overlapped with the downturn in the real economy.A senior financial person said that for banks, a high degree of professionalism and risk awareness is required in the design of products involving overseas derivatives.Fully understand and understand the arrangement of overseas derivatives trading system, speculative intensity, and small probability risks.At present, China Construction Bank, Bank of Communications, Industrial and Commercial Bank of China, Shanghai Pudong Development Bank, etc. have successively stopped the opening of related crude oil products.At the end of April, the Industrial and Commercial Bank of China and Minsheng Bank also suspended trading of natural gas accounts.Reporter Cheng Weimiao Editor Sun Yong proofread Liu Jun