| Financial institutions, "deleveraging" became in 2008 after the global financial crisis is a hot word. Basel Committee when the financial crisis appears to reflect regulatory loopholes found inadequate supervision over the capital adequacy ratio of the Department. Many banks capital adequacy ratio using a single regulatory capital arbitrage, risk off-balance sheet assets have not been regulatory attention. To compensate for inadequate supervision of the capital adequacy ratio, the Basel Committee proposed to limit the use of leverage commercial bank sheet risk spreading. China Banking Regulatory Commission also made a timely manner commercial bank management measures to constrain leverage ratio of commercial banks. Commercial banks have been in a dominant position in the financial industry, which is directly related to the operating conditions of the lifeblood of the national economy. Efficiency of commercial banks is a direct reflection of its operating conditions, and thus the efficiency of many scholars Bank carried out a detailed study. Leverage ratio as a new regulatory tools are bound to affect the efficiency of commercial banks. Articles from regulatory leverage to start, focusing on the impact of regulatory leverage the efficiency of commercial banks.Article first regulation on the theory expounded leverage, leverage regulatory review of the development of history. Comparative analysis of the leverage ratio and capital adequacy ratio of regulatory supervision of the advantages and disadvantages of both, indicating the leverage ratio was re-incorporated into regulatory tools reasons. And then listed on the leverage ratio of 16 commercial banks to calculate and analyze the characteristics of the classification. Article then described in detail the meaning of the efficiency of commercial banks, using data envelopment analysis (DEA) to China 16 listed commercial bank efficiency in 2009 and 2012 were measure, and analyze the efficiency values derived interpretation. According to DEA bank efficiency measure, combined with the leverage ratio 16 listed commercial banks to build panel data model to analyze the impact of leverage on bank efficiency. Through the interpretation of model results, it was found to improve the leverage ratio has a positive impact on bank efficiency improvement. Finally, the article from the regulatory level of leverage and the level of commercial banks operating recommendations to better coordinate leverage the efficiency of the regulatory relationship with the bank, so to better promote regulatory efficiency improvement. |
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