《新资本协议》对商业银行信贷运行的影响——兼论其宏观经济效应

《新资本协议》的出台和实施是银行监管历史上一个具有里程碑意义的事件。本文认为,《新资本协议》特别是内部评级法极大地提高了资本监管的风险敏感度,将对商业银行的信贷增长方式、信贷结构调整和贷款损失准备计提、以及宏观经济运行产生一定的影响。按照目前我国商业银行资本充足水平和资产质量,无论是实施标准法还是内部评级法都将强化信贷扩张的资本约束效应。我国应慎重选择《新资本协议》的实施时机,避免由此对信贷供给和宏观经济运行造成的负面冲击。

Effect of New Capital Accord on Lending of Commercial Banks

Implementation of New Capital Accord is a milestone event in banking regulatory history. This paper points out that New Capital Accord, especially Internal Ratings- Based Approach (IRB) , substantially upgrades risk sensitivity of capital regulation and influences loan expansion, adjustment of credit structure, loan loss provisioning and macroeconomic performance. In line with current capital adequacy and asset quality of Chinese banking sector, either Standardized Approach or IRB will enhance the effects of capital constraints on loan growth, therefore, Chinese banking authority should carefully set the timetable of implementation of Basel II in order to avoid negative shocks on credit availability and macroeconomic performance.