商业银行及其监管.ppt

第一章商业银行及其监管
对外经济贸易大学金融学院
何自云
第一章商业银行及其监管
Fundamental Forces of Changes in Banking
《中国银行业及其监管的改革与发展》
唐双宁,《金融时报》2004年7月5日
《中华人民共和国商业银行法》
1995年7月1日施行,2003年12月27日修改
《中华人民共和国银行业监督管理法》
2003年12月27日通过,2004年2月1日起施行
Fundamental Forces of Changes in Banking
What were banks in the past?
Two areas of changes
Fundamental Forces of Changes
Deregulation and reregulation
Financial innovation
Securitization
Globalization
Advances in technology
What were banks in the past?
Historically, commercial banks have been the most heavily panies.
Resulted in a banking system with a large number of smaller banks that was limited in the scope of products and services that could be offered and the geographic areas where individual banks pete.
As a result, they were the safest and most conservative business.
Although regulations limited opportunities and risks, they virtually guaranteed a profit.
Two areas of changes
Traditional role of banks as financial intermediaries declined
New products such as cash management accounts, mutual funds, commercial paper, and junk bonds have e more prevalent.
Banks have responded by accepting lower spreads, taking on more risk, and expanding their customer and product base.
Evolution of banking into nontraditional roles
Evolution of banking intonontraditional roles
Expand into nontraditional areas and products to generate more fee e.
Investment banking, off-balance sheet activities
Actively pursue the use of technology in the development and delivery of products.
banking
Gramm-Leach-Bliley Act eliminates most of the remaining restrictions that have mercial banking, investment banking, and insurance for over 70 years.
Deregulation petition
Many analysts attribute much of the change in the financial services industry to deregulation.
Deregulation was a natural response to petition rather than the catalyst petition.
competition between depository institutions and nondepository financial firms, petition between the same type petitors across world