某商业银行及其监管规划（英文版）.pptxVIP

第一章 商业银行及其监管第一章 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 BankingWhat were banks in the past? Two areas of changesFundamental Forces of Changes Deregulation and reregulationFinancial innovationSecuritization GlobalizationAdvances in technologyWhat were banks in the past?Historically, commercial banks have been the most heavily regulated companies.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 could compete.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 changesTraditional role of banks as financial intermediaries declined New products such as cash management accounts, mutual funds, commercial paper, and junk bonds have become 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 rolesEvolution of banking intonontraditional rolesExpand into nontraditional areas and products to generate more fee income.Investment banking, off-balance sheet activitiesActively pursue the use of technology in the development and delivery of products.Internet bankingGramm-Leach-Bliley Act eliminates most of the remaining restrictions that have separated commercial banking, investment banking, and insurance for over 70 years.Deregulation and CompetitionMany analysts attribute much of the change in the financial services industry to deregulation.Deregulation was a natural response to increased competition rather than the catalyst of petition between depository institutions and nondepository financial firms, andcompetition between the same type of competitors