时 间：2024年12月13日（周五）9：30-11：30
地 点：理科大楼A1114会议室
讲座题目：Outside the LCR Box:The Impact of Liquidity Regulation on Banks
主讲人：刘冲，上海财经大学金融学院教授
报告内容：This study investigates the far-reaching effects of liquidity regulation policies on the banking sector in China. Banks subject to liquidity coverage ratio (LCR) regulation since 2014 are found to have significantly decreased their short-term wholesale funding via interbank liabilities while increasing other short-term funding via bonds to pay (primarily interbank negotiable certificates of deposits) on the liability side. The finding of this research that is the most different from other studies is that regulated banks in China neither significantly increased their holdings of qualified high-quality liquid assets, nor significantly reduced their proportion of risky assets, after the implementation of LCR regulation. Under the pressure of deposit price control and a competitive deposit environment, banks with greater market power have attracted more traditional deposits than banks with lower market power, and banks with fewer local market shares have shifted to increase their proportions of other liabilities to satisfy the liquidity requirements. This has ultimately led to unexpected consequences in China’s banking industry.
报告人简介：刘冲，上海财经大学金融学院教授、博士生导师，入选国家级青年人才支持计划，主要研究方向包括：货币政策、金融监管、商业银行风险管理、财政金融政策、文化与金融。在《中国社会科学》、《经济研究》（4篇）、《管理世界》（2篇）、《经济学（季刊）》、《金融研究》（5篇）、《Journal of Real Estate Finance and Economics》等国内高水平学术期刊及SSCI期刊发表论文三十余篇。荣获教育部第九届高等学校科学研究优秀成果奖，上海市第十六届哲学社会科学学科学术优秀成果奖、《金融研究》2020、2021年度优秀论文、第十七届中国金融学年会优秀论文二等奖。