拉斯维加斯9888

标题：Bank Capital Buffer, Risk and Performance under Business and Regulation Cycles: Evidence from Canada

汇报人：Issouf Soumaré（Laval University,）

功夫：4月14日（周四）13:30-15:00pm

地址：拉斯维加斯9888新楼216教室

提要：Using quarterly financial statements and stock market data of the six Canadian big chartered banks from 1982 to 2010, this paper documents the countercyclical behaviour of Canadian banks capital buffer. The adoption of Basle Accords and the balance sheet leverage cap imposed by the main Canadian banking regulator, the Office of the Superintendent of Financial Institutions (OSFI), were somewhat effective in rendering Canadian banks’ capital countercyclical to business cycles. We find that Canadian banks are well capitalized, and hold bigger regulatory capital buffer in recession than in expansion, which explains in part why they weather well the recent Subprime financial crisis. All these are evidence that Canadian banks ride the business and regulation cycles, which underscore the appropriateness of both a micro and macro-prudential “through-the-cycle” approach to capital adequacy advocated in recent Basle III proposal to strengthen the banking sector resilience.

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