银行系统性风险的复杂性及监管启示

Banking Systematic Risk Complexity and Enlightenment of Supervision

由2007年美国次贷危机引发的全球性金融危机使得系统性风险的溢出效应受到普遍关注,同时也暴露了对系统性风险监管的重要性及其缺陷。本文从风险源的多样性和不确定性、多种传染渠道及其相关性、银行系统结构复杂性与演化三个方面,对银行系统性风险进行分析,以期对我国银行监管有所启示。

The global financial crisis triggered by U.S. sub-prime mortgage crisis in 2007 exposes spillover effects of systemic risk, and the importance and defects of systemic risk supervision. This paper analyzes banking systematic risk from three aspects, including diversity and uncertainty of risk sources, multiple contagion channels, and banking systematic structure complexity and evolution, to provide enlightenment to Chinese banking supervision.