2024-06-16-Incrementum-巴塞罗那6_银行业动荡与监管改革（英）_189页_10mb

The report highlights the 2023 banking turmoil, focusing on the failures of institutions like SVB and Credit Suisse, to examine its implications and propose reforms. It discusses three key themes: the role of digital banking and monetary policy, shortcomings in accounting and supervision, and lessons for managing bank failures.

Digital Banking and Monetary Policy

• The surge in uninsured deposits among US mid-sized banks coincided with aggressive monetary tightening following the pandemic, as low rates boosted deposit growth, while rate hikes exposed vulnerabilities like mismatched liability structures and reliance on volatile funding.

Accounting and Supervision

• Accounting practices, like HTM and AFS classifications, and regulatory filters (e.g., AOCI) are criticized for limiting transparency and obscure liquidity risks. Supervisory failures, with delayed action and weak enforcement, exacerbated systemic risks.

Bank Failure Management

• The 2023 crisis tested resolution frameworks, emphasizing the need for robust tools and external support. reforms aim to enhance early intervention, improve loss-absorbing capacity (e.g., MREL), and ensure timely liquidity aids to mitigate future crises.

In summary, the report calls for reforms in accounting, supervision, and resolution strategies to address systemic vulnerabilities and improve crisis management.