| Since 2002,China has approved the pilot of comprehensive financial holding group and comprehensive financial operation,which has played an important role in promoting the development of the financial industry.However,with the accelerated development of financial collectivization and increasingly active financial innovation,the cross-integration of different financial sectors has brought about the rise of financial risks to a certain extent,and also brought challenges to the supervision system of China's financial industry supervision.China has also made adjustments in the supervision system of banking and insurance,merging the original China banking regulatory commission and China insurance regulatory commission in 2018 to establish the China banking and insurance regulatory commission.But in the specific bank and insurance institutions capital regulation,still use the original regulatory rules,but did not achieve unity.On the one hand,it will increase the cost of supervision,and it is easy for Banks and insurance institutions to make use of the differences in capital supervision to realize regulatory arbitrage,which will ultimately affect the efficiency and effect of supervisionIn recent years,the research on finance unified regulation also received widespread attention,but most studies focused on the unity of the regulatory agencies,for the unification of specific capital regulation research is relatively less,mainly because of a unified capital regulation problem is more complicated,this article on the regulation of bank and insurance consistent capital regulation try to do some theoretical research.It is of practical significance to improve the efficiency of bank and insurance regulation,create more equitable competition environment and prevent financial risks.The research methods include literature research,comparative analysis,theoretical analysis and practical analysisBased on relevant researches,this thesis first explains the necessity of consistent capital regulation,and analyzes the differences and possible consequences between current capital regulation rules of bank and insurance.It mainly includes the difference of regulatory capital requirement standard and quantitative constraint and regulatory capital coverage risk scope.Empirical research was carried out by using the method of variance analysis.Then,applying the theory of risk management and financial related to banking and insurance business flow and cash flow,this thesis compares and analyzes key grasp the entry and exit of capital,and the internal situation and assets(relative to the depositors and the bank and have liability insurance assets,and assets risk objectively with the same properties,and thus laid a foundation for the regulatory capital rules for the implementation of consistency,on the basis of this puts forward consistent capital regulation standards.Combined with the current regulatory capital requirements in China,the calculation method of consistent capital regulation standards is analyzed and proposed.The risk capital ratio is used to represent the consistent capital regulation standards,and the matching principle of capital and risk is followed.The minimum consistent capital requirement of credit risk is calculated by the product of risk exposure and comprehensive risk factors.The bank and the insurance,the synthesis risk factor all are affected by the default rate,the default loss rate,the time limit.Finally,the conclusion part thinks that consistent capital regulation implementation of bank and insurance is necessary and feasible,has the practice guiding significance.However,in view of the complexity of capital regulation,a consistent financial regulatory framework should be established and regulators should carefully consider the implementation of consistent capital regulation. |
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