| The banking industry occupies an extremely important position in China’s financial system.The instability of the banking industry will cause turbulence in the entire financial market.Therefore,the financial supervision department has formulated a series of regulatory measures to help commercial banks avoid risks.Drawing on the leverage standards of the Basel III,China ’s supervisory authorities introduced the “Measures for the Management of Commercial Banks’ Leverage in 2011 to incorporate leverage monitoring tools into China ’s commercial banking supervision system.Business,financial innovation,and regulatory capital arbitrage have played an important role.Therefore,in the context of leverage regulation,it is of great significance to study its impact on the stability of commercial banks.This paper explores the relationship between leverage regulation and commercial banks’ stability through a combination of theoretical research and empirical analysis.Firstly,this paper analyzes the development history and current situation of China’s commercial bank leverage ratio supervision,and puts forward the main problems existing in China’s leverage ratio supervision.Then the theoretical analysis of the impact of leverage regulation on the stability of commercial banks is carried out.In the theoretical analysis part,this article first defines the concept of stability of commercial banks,analyzes the factors that affect the stability of commercial banks,and combines the theory of introducing leverage regulation Based on this,we will explore the transmission path of leverage regulation to the stability of commercial banks.In the empirical analysis section,this paper uses panel data from 33 listed commercial banks in China from 2008 to 2017 to empirically examine the impact of leverage regulation on the stability of commercial banks,and draw the following conclusions: First,with the introduction of leverage regulation,commercial banks Increasing the proportion of its own capital holdings,reducing the degree of risk faced by banks,and improving the stability of commercial banks;second,the effect of leverage ratio regulation on the stability of commercial banks is heterogeneous,and the quality of bank assets The worse,the more significant the effect of the introduction of leverage regulation on the stability of commercial banks is.In the end,based on the above research results,this article puts forward suggestions from the supervisory authority and the commercial bank itself.Supervisory authority level: First,improve the information disclosure system of banks to improve the effectiveness of supervision;second,implement classified supervision on the leverage ratio of commercial banks;third,strengthen supervisory coordination and establish penetrating supervisory standards.Commercial bank level: First,accelerate financial innovation,enhance and core competitiveness;second,establish and improve its own capital constraint and capital replenishment mechanism... |
