The Impacts of Financial Disintermediation on Commercial Banks

With the evolution of financial system,especially the enrichment of financial instruments of equity and debt,the financial disintermediation becomes a tendency.The tendency has important influence on the core businesses and management of commercial banks.It is the only way for commercial banks to actively integrate themselves into the financial system,conduct positive market operations,run positive asset,liability and intermediary businesses,refine their risk management system and establish modern corporate system.