金融危机后对美国即时矫正措施的反思

Reflection of Prompt Corrective Action Subsequent to Financial Crisis in US

即时矫正措施制度源自美国,并逐渐成为世界各国预防银行破产制度效仿的蓝本。然而2007年以来次贷危机的爆发和蔓延,暴露了该制度的缺欠。金融危机中即时矫正措施未能达到有效预防银行破产的效果,其主要原因是监管参数的设置存在重大缺陷。由于资本充足率的计算并未涵盖银行经营的全部风险,因此仅以资本充足状况作为唯一指标来判断银行的经营状况并进而采取矫正措施存在片面性。中国的即时矫正措施的监管参数设置同样存在不合理性,需要汲取美国的经验教训予以重构。

The legislation for prompt corrective action originates in America. It gradually became the blueprint for the world to imitate. However, since the subprime mortgage crisis in 2007, the implementary eft）et of prompt corrective action was nnsatisfactory. Prompt corrective action of America failed to prevent bank failures effectively. The main reason is the deficiency in monitoring parameters. The calculation of capital adequacy ratio didn＇ t cover all kind of risks, so it is one-sided to monitor bank operating conditions only by capital adequacy ratio. Taking America as blueprint, the prompt corrective action of China is unreasonable in monitoring parameters, and needs to be redesigned after drawing lessons from America.