Abstract
Active development by international organizations and national regulators of the emergent standards purporting prevention of crises and increase of banking stability is typical for the last years. However, practical implementation of the standards is not so definitive. This article is devoted to the analysis of impact of new requirements in the field of control over the quality and adequacy of the capital of banks, introduction of the additional parameters of risk-related load on the basis of financial leverage on business activity of banking sector. The issue of correlational study of capital adequacy ratio of banks and their credit activity was considered by different scientists over the last years; however, no decisive results were obtained. At the same time, the belief on the change of capital requirements and bank loans prevails. Generally, after strengthening of capital requirements, the banks reduce the loan growth. The authors of research prove this conclusion for the Russian economy. Following carried out analysis, the conclusion was also drawn that against the background of essential excess of the planned level of financial leverage, banks generated a highly risky asset portfolio, where the new standard did not address. It is the authors' opinion that for the purpose of impact on financial activity, the leverage levels must be differential for banks having various business models.
Highlights
OF FINANCIAL LEVERAGE INDICATORIn January 2014, a standard dedicated to the basics of determining the financial leverage indicator was adopted (Basel Committee on Banking Supervision, January 2014), and in April 2016, a consultative document providing for the revision of the previously published standard was published (Basel Committee on Banking Supervision, April 2016).In Russia, the leverage indicator is currently calculated by banks for reporting purposes and has been disclosed on an individual basis since January 1, 2015, and on a consolidated basis since January 1, 2016
It seems appropriate to take a set of measures for raising of efficiency of implementation in Russia of Basel Committee on Banking Supervision standards taking into account peculiarities of national economy and using both monetary and non-monetary instruments
The financial leverage indicator, in the opinion of a number of foreign researchers, has certain shortcomings, but it has a potential for countercyclical regulation of the banks' credit activity, and this potential is assessed above other regulatory standards currently applied
Summary
Sorces: Slovik, P. & Cournède, B. (2011) Macroeconomic impact of Basel III OECD Economic Department, Working papers No.844. [Electronic resource] // URL: http://www.oecd-ilibrary.org/docserver/download/5kghwnhkkjs8.pdf?expires=1380890687&id=id&accname=guest&checksum= A6CFB6A765C594EF21DA97074ECACE8B. The study conducted for the period of 2013-2017 of such indices of the Russian commercial banks as dynamics of Н 1.0 capital adequacy ratio, volume of regulatory capital and credit exposure did not reveal correlation dependence of slowdown of lending to corporate clients and natural individuals on introduction of Basel 2 and 3. Based on the obtained results, it may be concluded on availability of other factors restraining or promoting bank lending except for strengthening of capital requirements for the Russian commercial banks In this context, it seems appropriate to take a set of measures for raising of efficiency of implementation in Russia of Basel Committee on Banking Supervision standards taking into account peculiarities of national economy and using both monetary and non-monetary instruments. C) Making use of experience of the developing countries, it is thought to be expedient to a greater extent to apply regulatory measures aimed at softening of capital adequacy calculation without violation of compliance with the Basel Committee on Banking Supervision standards as well
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