Research On The Liquidity Risk Management Based On Leverage Ratio Supervision

Many banks' capital adequacy ratio meet the requirements of the regulatory capital,but still not immune in the 2008 global financial crisis.After the crisis,the international community found the origin of the crisis is the highly leveraged caused liquidity shortage.The Basel committee issued the Basel ? in 2010,including put forward the new leverage ratio regulation which is another important component of capital regulation and establish the international unified liquidity risk regulation index : the liquidity coverage ratio(LCR)and net stable funding ratio(NSFR).In 2011,China banking regulatory commission issued The measures for the administration of the commercial bank leverage,which restricted the commercial bank leverage is not less than 4%,and revised in 2015.China banking regulatory commission solicit comments from society and promulgated the Commercial Bank Liquidity Risk Management Approach in pilot in 2014,which introduced the liquidity coverage ratio as a new regulatory indicators.The paper analyzed commercial banks liquidity risk management based on the leverage ratio regulation.Firstly,the paper combs the concept and theory of leverage regulation and liquidity risk management,and analyzes the Influence mechanism between them.At the same time,the current situation of liquidity risk management under the supervision of American and Canadian commercial Banks is introduced,which provides valuable experience for China.Then basing on the leverage and liquidity risk management regulation,and the problems of commercial bank liquidity risk management under leverage ratio regulation,we choose 16 listed commercial Banks in 2007-2016 data,through the empirical method validate that the leverage ratio regulation has an impact on liquidity risk management,which is negative.That is to say,the leverage ratio regulation did not make the liquidity risk lower.At the end,the paper put forward some advice from three ways that are the regulatory level,bank level and market level to make the liquidity risk management better.The innovation of this article lies in the influence factors of liquidity riskregulatory capital mainly in the capital adequacy regulation measure,and on the relationship between the leverage and liquidity risk management regulation mostly use other indicators to analysis.This article analysis the relationship between leverage regulatory and liquidity risk management through the empirical method directly.At the same time,this article found that leverage supervision results from regulatory indicators of liquidity risk,but commercial banks meet leverage regulatory requirements,the liquidity risk is not reduced,which means we need do much.