An Empirical Study On The Factors Affecting The Issuing Of Commercial Of Bank Sub-prime Debt

Commercial banks are playing an important role in the financial system of our country.As financial intermediaries,commercial banks have penetrated into all aspects of life,connecting tens of thousands of people,enterprises,non-bank financial institutions and even the government's fiscal and monetary policies.Its safe operation and sustainable development are related to the development of the entire economic and financial system.Therefore,commercial banks in China and the world are the focus of supervision.The international supervision of commercial banks has gone through a comprehensive,scientific and strict process.The Basel Committee was established to establish the regulatory standards for commercial banks around the world."Basel agreement I" "The new Basel agreement" and "The Basel Agreement ?" the supervision of commercial banks in China is gradually in line with international standards.In the entire regulatory development process,capital adequacy ratio has always been a key to regulatory issue,because capital is the last set of defenses to against banks' risks.Breaking through this line of defense,banks are at risk of bankruptcy.In 2014,China promulgated the "Administrative Measures for Capital Adequacy Ratio of Commercial Banks" to strengthen the supervision of capital of commercial banks.Since capital and capital adequacy ratio are the key targets and indicators for the supervision of regulatory agencies,banks need to meet the regulatory requirements,continue to replenish capital and improve capital adequacy ratio.Issuing secondary debt to replenish capital is one of the ways for commercial banks to replenish their capital.Although the history of commercial banks using this method to replenish capital is not long,it is gradually popularizing.More and more commercial banks will issue subordinated debt to supplement the capital,so it is necessary to strengthen the research of commercial banks' subordinated debt.The purpose of this paper is to select some representative financial indicators from the point of view of bank financial condition through the general multivariate linear model,and to study the influence of these indicators on the interest rate and scale of subprime bond issuance of commercial banks.In summary,the research contents of this paper include:(1)The definition,characteristics and function of the subordinated debt,introduction of the main ways for commercial banks to supplement capital.(2)The design features and development status of the subordinated debts of commercial banks in China.(3)Empirical research.(4)In order to make better use of the role of commercial banks' subordinated debts in the operation and management of banks,some suggestions are putting forward.