商业银行次级债券产品设计的比较研究

商业银行发行次级债券不仅可以补充银行资本金,还能够对银行风险行为进行直接市场约束和间接市场约束,有利于提升银行市场竞争力、增强银行抗风险能力、加强金融监管以及促进金融体系的稳健运行。本文比较分析了欧美主要国家与我国商业银行次级债券产品设计各自不同的特点,并提出了未来我国商业银行次级债券产品的创新策略。

A subordinated debt policy would be to achieve such objectives as supplying bank capital and augmenting direct and indirect discipline aimed at bank risky behavior. It also contributes to improving bank competitiveness, enhancing bank's anti-risk capability, reinforcing financial regulation and accelerating steady development of financial systems. This paper comparatively analyses the different characteristics of subordinated debt products among commercial banks of USA, some European countries and China, at last it brings forward some innovative measures in designing of subordinated debt products in China.