The Empirical Research Of Basel Ⅲ Applicability In China

From view in recent times of economic crisis, the stable development of the financial system is the protection of stable economic development, and the key to the stability of the financial system is that the stability of the banking sector. As a core system of banking supervision, Basel Accord has always been committed to maintaining the stability of the capital market, to reduce unfair competition between international banks and reduce the risk faced by the banking system. The U.S. subprime mortgage crisis in2007triggered by the global economic crisis let people to conduct a comprehensive reflection of the original financial operations and regulatory aspects. Subsequent financial stability council unveiled a series of regulatory measures, which is officially released on December16,2010"Basel III" is the core of the reform of banking supervision.Since then, China Banking Regulatory Commission, according to the "Basel III," the latest regulatory standards and China’s banking industry development status to launch a series of guidance and regulatory documents, these documents together constitute the "Chinese version of the Basel III" regulatory system. China from2004until the introduction of the Basel regulatory agreement, only less domestic banking supervision, banking supervision system is not mature enough. Therefore, the study of Basel Accord implementation of the applicability in China is an important issue. This paper introduced Basel Accord regulatory standards and our implementation, analysis of the impact of the new regulatory standards of China’s banking industry and the economy, development and respond to proposals put forward, and the existing regulatory agencies and the banking industry. This paper is mainly used theoretical analysis, VAR model and multiple regression models to analyze the impact of the study the implementation of the new regulatory standards for banks and the economy of our country.The main content of this paper is organized as follows: The first part is the introduction. This section first describes the background and significance of article writing topics. Then introduced Basel Accord and their applicability study the situation at home and abroad, our literature study Basel is not much, with most concentrated in the capital adequacy ratio, leverage new regulatory standards, system the importance of banks and counter-cyclical capital literature less. Finally, introduce the research content, method and innovation and shortcomings.The second part is the development of the Basel Accord. This section briefly describes the background of the establishment of the Basel Committee and agreement to the introduction of the historic environment. The paper then describes the details of each version of the Basel, and its development trend. In the end of each version of the Basel Accords, described its strengths and weaknesses and constraints, to pave the way for the introduction of the next version of. Contrast changes under the previous agreement, Basel showed the following trends:the continuous improvement of capital adequacy ratio, and improve the quality level of the capital. From microscopic single bank regulatory into macro and micro supervision at the same time. Involving more dimensions, to guard against the risks faced by the Bank from a fuller perspective.The third part is the development and implementation of the status quo of China’s new regulatory standards. First, after the "Basel III", China Banking Regulatory Commission has a development of new regulatory standards. Combined with new regulatory standards for the description, and from a theoretical analysis of the impact of China’s banking industry after the new regulatory standards followed by the status of the development of China’s banking industry. After the promulgation of the "Basel III", the China Banking Regulatory Commission rapid introduction of new regulatory standards documents. From this study, new regulatory standards are not too much pressure on China’s banking industry, most of our banks basically meet the new regulatory conditions, only meet regulatory standards for loan provision rate is not high. But the China Banking Regulatory Commission regulations at the end of2018standards, buffer Description of the banking sector there is a fairly long period of time, therefore not have much impact in the short term. In the long run, our capital adequacy ratio of the banking sector, leverage, etc. has an increasing trend.The fourth part is the empirical research. This part of the establishment of the two models:study capital regulation and credit scale multivariate regression model to study the capital regulatory and economic growth relationship VAR model. The conclusions by the empirical point of view, the new regulatory standards will cause significant impact on China credit scale and economic growth.1%of the capital adequacy requirements will reduce the loan growth rate of1.1%. The capital adequacy ratio for every1%increase will result in slower growth of3.8%. However, due to China’s current capital adequacy ratio higher base, our implementation of the new regulatory standard short-term will not have much impact of economic operation and banking operations, but the long-term is still facing greater pressure.The fifth part is the conclusions and recommendations. Recommendations given by earlier theoretical analysis and empirical analysis to summarize and generalize, to develop regulatory standards on China Banking Regulatory Commission and the banking sector should take measures. The results show that:the China Banking Regulatory Commission should establish a dynamic regulatory policy, efforts to promote the concept of regulation of the banking supervision and improve the effectiveness of banking supervision. Should improve the profitability of banks under the new regulatory standards, additional sources of capital from its own development, the search for a more stable source of capital replenishment, to raise the level of the bank’s risk management and improve the quality and quantity of the information disclosed.Base on the large number of researches, the paper analysis of the trends of the new regulatory agreement overall. And empirical analysis of the possible impact of the new regulatory agreement on China’s economy and the credit improvement measures were proposed and existing regulatory content.