商业银行资本补充机制的或有资本引入研究

Research on the Introduction of Contingent Capital——Capital Replenishment Mechanism of Commercial Banks

《巴塞尔协议Ⅲ》明确要求全球银行业全面提升资本数量和质量,以此增强银行抵御流动性危机的能力。或有资本作为一种新型的资本补充工具,引入银行业中用以提升资本质量有其必然性和现实依据。本文从或有资本的内涵、基本特征入手,结合案例分析或有资本的补充运作机理,着重分析或有资本的关键特征触发事件,同时考察国际上主要商业银行发行或有资本的最新进展,最后从商业银行引入或有资本的实践角度出发,提出具体实施过程中的对策建议。

Basel III has explicitly required the global banking industry to enhance the quantity and quality of capital, in order to enhance the ability of banks to withstand a liquidity crisis. It is necessary and practical for contingent capital as a new capital replenishment tools to be introduced in the banking sector to enhance the quality of capital. This paper begins from the connotation and the basic characteristics of contingent capital, then studies the capital replenishment operation mechanism ol the contingent capital based on real cases, and analyzes the key features of the trigger events in detail. Follow- ing that, the latest progress of the international commercial banks who published contingent capital is studied before a series ol specific suggestions in the implementation process from the practical perspective is put forward.