Research On The Regulatory Effectiveness Of Commercial Banks Of China Under The Basel ? Accord

The global financial crisis in 2008,which started from the subprime crisis in the United States,not only caused a huge impact on the world economy,but also posed a new challenge to the financial supervision of all countries in the world.This financial crisis has fully exposed the deficiencies in the supervision of commercial banks around the world,as well as the problems existing in the current Basel II.In order to improve the Basel II and further strengthen the supervision of commercial banks,since 2009 The Basel Committee began to work out Basel III.On December 16,2010,Basel III: a more robust global regulatory framework for banks and banking systems was officially launched.Since then,Basel III has been continuously revised and improved.On December 8,2017,Basel III officially released the final plan for post crisis reform,marking the formal establishment of Basel III.After the launch of Basel III,all countries in the world have taken a series of policies and measures suitable for their own countries to strengthen the financial supervision of commercial banks under the framework of Basel III,and have achieved certain results.For our country,the financial crisis in 2008 also exposed the deficiencies in the supervision of commercial banks.In this case,according to the regulatory requirements of Basel III,China launched a series of relevant regulations on capital regulation of commercial banks in 2011-2012,collectively referred to as "China Version of Basel III".Based on the existing relevant research literature and financial supervision theory,this paper explores the practice and expansion of various versions of Basel Accord to financial supervision theory,analyzes the experience and lessons of US,EU and Japan,studies the applicability and practice of Basel III in China by focusing on macro prudential supervision,liquidity supervision and capital adequacy supervision,and it studies the effectiveness of China's commercial bank supervision under Basel III.This paper draws the following conclusions: first,the implementation of macro-prudential supervision policy under Basel III can significantly reduce the systemic risk of Chinese commercial banks.The effect of macro-prudential supervision policy on reducing systemic risk in small and medium-sized joint-stock commercial banks is more obvious than that of large state-owned commercial banks.Second,the implementation of Basel III can effectively promote the liquidity risk supervision of Chinese commercial banks.Different bank sizes and different monetary policies will lead to differences in liquidity creation of commercial banks,which leads to differences in the effect of liquidity supervision on banks of different sizes and banks with different monetary policies.Third,the implementation of Basel III can strengthen the capital supervision of China's commercial banks.In the short term,the new regulations will have little impact on the supervision of China's commercial banks,but in the long run,Chinese commercial banks will face huge pressure on capital replenishment.Commercial banks should adjust their capital structure,risk preference and profit model to meet regulatory requirements and achieve sound operation at the same time.Specifically,the main research contents of this paper are as follows: Part I,the theoretical practice and expansion of the Basel Accord.First of all,this paper defines the related concepts such as financial supervision and Basel Accord.Secondly,it collates the development stage and evolution process of different schools of financial supervision theory and financial supervision theory from the school dimension and the development stage dimension.Finally,it explores the practice and expansion of various versions of the Basel Accord to the theory of financial supervision.Part II,the practice of Basel III in major developed countries.This paper selects the major developed countries such as US,EU and Japan,and takes the international financial crisis in 2008 as the dividing line to compare and analyze the financial regulatory framework and characteristics of these countries under the Basel III,focusing on the important measures taken by these countries in the implementation of macro prudential regulation,capital regulatory reform and liquidity regulation,and summarizing the experiences and lessons of these countries accumulated in the process of financial supervision.Part III,the applicability of Basel III to the supervision of China's commercial banks.This paper first analyzes the relationship between China's commercial bank supervision and Basel I and Basel II in recent years,as well as the achievements of China's commercial bank supervision measures.Secondly,it studies the impact of the financial crisis in 2008 on China's commercial banks and the shortcomings of China's commercial bank supervision.Finally,the applicability of Basel III to the supervision of China's commercial banks and the launch and implementation of Basel III in China are investigated.Part IV,the impact of Basel III on the supervision of China's commercial banks.This paper studies the specific requirements of China's macro prudential supervision,liquidity risk supervision and capital supervision of commercial banks under Basel III,analyzes the practical measures taken by China's commercial banks under Basel III,and reviews the current macro prudential supervision and liquidity of commercial banks in China,the deficiencies of the supervision of capital,and the corresponding measurement methods are adopted to test the actual effectiveness of the macro prudential supervision and liquidity risk supervision of China's commercial banks.And it measures the impact of the Basel III on the capital gap of China's commercial banks.Part V,the conclusion of the study and the countermeasures and suggestions for strengthening the supervision of commercial banks in China.Through the analysis of this paper,we can find that under the framework of Basel III,China's commercial bank financial supervision has achieved some results,but there are still some deficiencies.Therefore,in order to further strengthen the financial supervision of commercial banks,maintain the stability of China's financial system,strengthen the ability to resist external shocks,and create a good financial environment for China's economic development,in view of the financial supervision of commercial banks,China should further improve the liquidity risk supervision system,optimize the content of capital supervision,strengthen macro prudential supervision,optimize supervision methods and innovate supervision means.