本文是一篇新西兰金融学论文代写范文。文章主要讨论了对商业银行在I型纽西兰经营资产证券化的启示。优化商业银行的资产负债结构，缓解流动性压力。新西兰商业银行资产证券化的障碍及对策。
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目前，新西兰银行的良好发展与巨额不良资产形成了鲜明地比，该行普遍面临资金短缺，不良资产比例高，流动性差，运行效率低等问题。通过金融创新，特别是绘画，如证券化资产和其他国际成功经验，毕竟这是一个好的解决方案。为了满足监管要求,新西兰银行将资产证券化，解决分散信用风险和参考主要体现在以下几个方面：
Currently,Bank of New Zealand good growth with huge non-performing assets in stark contrast,the lines generally face capital shortage,the proportion of non-performing assets is high,poor mobility,operation and low efficiency,through financial innovation,especially drawing,such as securitized assets and other international successful experience,after all,a good solution.Asset securitization of commercial banks for New Zealand to meet regulatory requirements,resolve and scattered reference to credit risk is mainly reflected in the following aspects:
1,optimizing asset and liability structure of commercial banks to ease liquidity pressures.Liabilities of commercial banks to short-term deposits,and preached a long-term loan assets tendency.In the international financial markets,the main function of long-term financing borne by the capital markets.In New Zealand,corporate financing through the capital market accounted for only about 5%,long-term commitment of the commercial banks should assume the function of the capital markets,roads,power plants and other large infrastructure projects mainly rely on bank loans,the proportion of long-term commercial bank loans increased year by year.On the other hand,with the advent of the booming financial and investment products,the rate hike cycle,savings deposits appear slowed down the momentum of long-term loans and short-term deposits,loans and deposits reduced mobility increased mobility two contradictions coexist,Bank debt maturity mismatches of assets significantly,banks'borrowing short length of"contradictions will become more prominent,leading to increasing liquidity risk.Regulatory requirements and long-term commercial bank loan ratio of not more than 120%,it is learned that many banks have approached or exceeded the regulatory limit.[1]
Emergence of asset securitization business,compared with asset-liability management provides an effective means,through the sale and securitization of real bankruptcy isolation,you can not have the liquidity and long-term loans placed outside the balance sheet,timely access to high liquidity of cash assets,so as to effectively alleviate the pressure on commercial banks'liquidity risk.
2,in favor of commercial bank capital management,improve capital adequacy ratio.With the accession to WTO,increasingly strengthened banking supervision to resolve commercial bank risk,particularly in relation to risk assets and economic capital is particularly urgent and prominent.How to match the benefits and risks of the condition under limited capital,is a major issue faced by commercial banks.By expanding capital epitaxial growth model increasingly questioned by investors.And by constantly reducing the degree of risk assets,to develop low-risk or no risk of this content-type intermediate business growth model more and more respected,asset securitization business which may well be a better way to resolve one of the contradictions.
According to"Commercial banks'capital adequacy ratio management approach"promulgated by the CBRC,requiring commercial banks to fully provision for losses on the basis of the calculation of the capital adequacy ratio,January 1,2007 the capital adequacy ratio of not less than 8%,the core Capital adequacy ratio of not less than 4%.In recent years,with the rapid expansion of financial assets,domestic banks generally faced with the problem of inadequate capital,Shanghai Pudong,China Merchants,livelihood have adopted rights issue or issue of subordinated convertible bonds and other ways to enrich capital,which of course is also a good choice,but large-scale financing is apt to cause great repercussions market,leading investors to resist;and issuance of subordinated debt can not change the size and weight of risk weighting of bank assets,it can not solve the problem of inadequate capital fundamentally.According to the"Basel"for different types of capital requirements for risky assets,the bank can take the initiative to flexibly adjust the size of the bank's risk assets through securitization of loans rather than held to maturity,to improve the capital adequacy ratio of the size of the smallest The cost of enhanced mobility and improve the capital adequacy ratio.[2]
3,help to resolve non-performing assets,reduce non-performing loan ratio.In dealing with a large number of illiquid assets,particularly non-performing assets,banks often need to spend a lot of time and effort,and only occasionally receive cash in the future,this traditional approach seems less efficient realization of funds,and assets when dealing with a large number of securities of non-current assets generally use historical data to estimate the asset recovery,and then realize the asset securitization in accordance with a certain proportion.This approach avoids the audited assets individually,thus saving cost and time to assess the value of assets,rapid recovery of large amounts of cash,low financing costs,while retaining the remaining assets of the owner of the usufruct assets.Solve the huge non-performing assets of the banking system in New Zealand New Zealand has been the main subject of the financial sector.Despite efforts by non-performing assets increased from 34%down to 15.59%in the first half of 2004,but the non-performing assets ratio remained high,and therefore,the use of securitization to accelerate the resolution of non-performing assets is very real very urgent requirement.CBRC statistics show that as of the third quarter of 2004,the territory of the major commercial banks non-performing loan ratio was 13.37%,of which,four state-owned commercial banks non-performing loan ratio was 15.71%,joint-stock banks bad loans was 5.3%,higher than the international level,and the absolute amount of huge non-performing loans,the stability of the financial system in New Zealand caused problems.Through asset securitization to non-performing assets in batches,quickly converted into transferable capital market products,re-activate the liquidity of some assets,and the potential risk transfer bank assets,dispersing an effective way to resolve the bad assets.[3]
4,help enhance profitability,improve the revenue structure of commercial banks.Limited domestic financial markets are underdeveloped,particularly in fixed income bond market is underdeveloped,domestic commercial banks are still the traditional spread income as its main source of revenue,accounting for intermediate business income is very small,only about 6%to 17%.The introduction of asset securitization,to commercial banks to expand revenue,adjusted income structure provides an opportunity.In the process of asset securitization,financial markets increased the number of investment products available,and have a high credit rating,income stability characteristics,has become an important investment products other than bonds,which form the underlying assets and,depending on the terms set by many investment varieties,to meet the needs of a variety of investment,investors favor of implementing a multi-AUD investment strategy and control investment risk.In addition,the original lender to sell the underlying asset at the same time you can also get fees,management fees income;addition,other banks can also provide guarantees and asset securitization issuance services to generate revenue.
