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银行的未来

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本书对当下的金融危机做了讲明扼要而鞭辟入里的介绍:从基础原理出发,不仅提供了大量的新颖观点,而且还针对在金融危机中陷入困境的银行提供了详细的案例分析;此外诸多精湛点评以及监管建议都囊括其中。本书所讨论的话题不仅范围极广而且争议颇多。本书透过现象看本质,我们希望富有探索精神的读者能够对其中的某几个领域产生更加深入的兴趣。特别地,本书前瞻性的对《巴塞尔协议IV》的蓝图进行了大胆的构思和推测。
本书适合广大银行从业者阅读,也可供对国内外银行业发展有兴趣的读者参阅。

Content Description

近年来的一系列事件使得银行业存在的大量问题曝光于人前。作为一线工作人员,我们可以很自信地说我们了解问题的症结所在:风险监管不力。对于业内缺乏有效沟通这一现状,我们感到非常遗憾;对于那些已经出版但有失偏颇的结论,我们感到非常失望;而对于由种种政策举措所导致的不可预计的后果,我们感到非常担忧。很高兴的是,很多备受尊敬的专家的观点与我们的看法有许多共同之处,而这些专家本身对银行业都有着深刻的见解。因此,本书的出版就是希望能够把这些真正重要的观点传达给大家。

Catalogue

第1章 简介 1
1.1 概述与目标 2
1.2 快速入门:有关概念与原则 5
第2章 国际金融危机 9
2.1 从放宽监管到互联网泡沫 10
2.2 危机的种子 12
2.3 为何无人可以预见 18
2.4 危机之始 21
2.5 危机渐强 24
2.6 大厦倾倒:雷曼兄弟的破产 26
2.7 国际范围内的大规模干预 28
2.8 主权危机 34
2.9 余波与丑闻 38
2.10 问责于谁? 41
第3章 研究方法与基础概念 45
3.1 盈亏之道 46
3.2 银行的价值在哪里?银行会计的关键 51
3.3 什么是风险? 58
3.4 风险加权资产(RWA) 67
3.5 资本 75
3.5.1 监管资本 77
3.5.2 混合资本 79
3.5.3 经济资本与评级资本 80
3.5.4 资本成分与资本收益 81
3.5.5 压力环境下的资本 82
3.5.6 自救资本 82
3.6 流动性与融资 83
3.6.1 概念 83
3.6.2 流动资金管理与流动性风险 84
3.6.3 同业拆借,货币市场与央行的支持 88
3.6.4 存款担保计划 93
3.6.5 证券化 94
3.6.6 资产担保债券(Covered Bonds) 98
3.6.7 流动性压力测试 101
3.7 衍生品 102
3.8 逐日盯市制度与经济周期 109
3.9 监管、审查与支持的作用 116
3.10 评级机构与信用评级 123
3.10.1 穆迪针对银行的评级方法 126
3.10.2 标准普尔针对银行的评级方法 127
3.10.3 结构性金融评级 128
3.10.4 评级在监管与投资政策中的应用 130
3.11 分析师、投资者与金融传播 132
第4章 银行业监管 137
4.1 银行业监管的相关性 138
4.2 《巴塞尔协议Ⅰ》(1988)之前的银行业监管情况 138
4.3 《巴塞尔协议Ⅰ》 142
4.3.1 资本的定义 144
4.3.2 抵扣规范 145
4.3.3 风险权重法 146
4.3.4 资本与风险加权资产的比例 147
4.3.5 有关修订 148
4.3.6 《巴塞尔协议Ⅰ》的影响 149
4.4 《巴塞尔协议Ⅱ》 149
4.4.1 签订目标 150
4.4.2 三大支柱 151
4.4.3 支柱一:最低资本要求 151
4.4.4 支柱二:监察审理 158
4.4.5 支柱三:市场自律 160
4.4.6 资本校准 161
4.4.7 资本供给与混合 165
4.4.8 《巴塞尔协议Ⅱ》的执行 165
4.4.9 关于《巴塞尔协议Ⅱ》的评论 167
4.5 《巴塞尔协议 Ⅲ 》 172
4.5.1 资本的定义 173
4.5.2 扣减项 174
4.5.3 风险加权资产 178
4.5.4 最低资本充足率 180
4.5.5 杠杆率 183
4.5.6 流动性与融资 185
4.5.7 衍生品风险管理 189
4.5.8 执行与传播情况 191
4.5.9 《巴塞尔协议Ⅲ》在各个国家的不同版本 192
4.5.10 《巴塞尔协议Ⅲ》的五大贡献 195
4.5.11 《巴塞尔协议Ⅲ》的五大议题 197
4.6 破产处置机制 199
4.7 其他现行的监管流程 209
第5章 案例研究 213
5.1 苏格兰皇家银行(RBS) 215
5.2 德克夏银行(Dexia) 219
5.3 哈利法克斯苏格兰银行(HBOS) 226
5.4 汇丰银行(HSBC) 232
5.5 贝尔斯登公司(Bear Stearns) 235
5.6 美林证券(Merrill Lynch) 240
5.7 美国国际集团(AIG) 246
5.8 摩根大通(JP Morgan) 255
5.9 巴克莱银行(Barclays) 264
5.10 瑞银集团(UBS) 269
5.11 北岩银行(Northern Rock) 274
5.12 班基亚银行(Bankia-BFA) 276
5.13 澳大利亚 283
5.14 加拿大 289
5.15 经验小结 293
第6章 目标与设计原理 297
6.1 自由市场与国家资本主义 299
6.2 什么可以替代银行? 302
6.3 金融利与弊 310
6.4 我们可以承受多大的风险? 312
6.5 监管的作用 315
6.6 市场的作用 317
6.7 结论:建议目标与设计标准 319
第7章 《巴塞尔协议Ⅳ》蓝图 321
7.1 风险管理 324
7.1.1 评估方式 324
7.1.2 内部风险评估的作用 326
7.1.3 风险监管核心化 327
7.1.4 风险基准的作用 329
7.1.5 资产无风险,机构有风险 330
7.1.6 风险披露 331
7.2 守护天使(Guardian Angel) 334
7.2.1 守护天使模型的关键 336
7.2.2 创建监管精英团队 338
7.2.3 薪酬支付 339
7.2.4 跨国事项 340
7.2.5 宏观审慎监管的作用 341
7.3 人力资本 342
7.3.1 胜任与失职 342
7.3.2 回报 346
7.3.3 企业文化 353
7.4 管理 356
7.4.1 管理工作在理论中如何实现 356
7.4.2 提升银行管理水平 358
7.4.3 百夫长方法 359
7.5 资本 361
7.5.1 资本的作用 361
7.5.2 原则化的偿付能力监管 362
7.5.3 资本要求 363
7.5.4 资本供给 363
7.5.5 混合资本的作用 364
7.5.6 资本比率被移除后的生活 366
7.5.7 最低资本标准 367
7.5.8 验资结果披露 368
7.5.9 失败银行的解决方案 369
7.6 流动性与融资 370
7.6.1 流动性 370
7.6.2 融资 372
7.7 “第二支柱”的思维模式 374
7.7.1 使情景评估在风险监管中核心化 375
7.7.2 用博弈取代压力测试 376
7.7.3 “支柱二”结论的推广 380
7.7.4 风险评估中的模块方法 381
7.7.5 风险偏好与反向压力测试 383
7.8 开放性政策:市场自律与“第三支柱” 384
7.9 行业结构 386
7.9.1 银行种类 386
7.9.2 大而不倒 393
7.9.3 跨国议题 395
7.9.4 所有制结构 397
第8章 挑战 401
8.1 行业堑壕效应 402
8.2 人为操作 404
8.3 绩效管理:为了更好的控制风险 408
8.4 时间观念 409
8.5 正面挑战:科技与社会的进步 410
第9章 未来会怎样?期待您的加入 413
术语列表 418
有关标普节选材料的免责声明 427
作者简介 428
银行的未来 429

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