Improving Commercial Bank Risk Governance to Foster High-Quality Financial Development:Insights from the U.S.Banking Crisis in 2023
A healthy development of commercial banks is the cornerstone of high-quality financial development,and strengthening their risk governance is a crucial link in ensuring this healthy development.Summarizing the lessons learned from the liquidation and collapse of four US banks in 2023,it is found that the US banking crisis was mainly manifested in bank runs.Its roots lie in:the Federal Reserve's aggressive interest rate policy changes led to significant fluctuations in bank assets and investors'risk appetite for the technology and digital currency sectors.Internal causes are imperfect internal bank governance leading to an excessively high proportion of uninsured deposits and severe asset-liability maturity mismatch.Another important reason is lax external regulation leading to untimely and inadequate supervision.Combining this with China's actual situation,and guided by empowering high-quality financial development,the following policy recommendations are proposed for improving China's commercial bank risk governance system:establishing a monetary policy objective that equally emphasizes promoting economic growth and financial stability,strengthening internal bank governance,reinforcing external bank supervision,and establishing a rapid and decisive risk disposal mechanism.
bank run riskbank internal governancebank external supervisionmonetary policyrisk prevention and control
万方数据
