Although the United States economic recovery in the third quarter growth, the financial crisis is far from ending, is still widening of the wave of bank failures is a phenomenon that cannot be ignored. Currently, the United States Government and regulatory authorities are to strengthen and improve supervision to avoid more bank failures.
United States Federal Deposit Insurance Corporation (FDIC) announced the latest data show that this year as of November 20, United States of a failed bank to 124, only the third quarter, the number of bank failures in $ 55 House, 1990 since the second quarter. As of the end of September, at the FDIC's "problem Bank" list, 552 Bank in the name list, far more than the end of June this year 416 home. Historical experience shows that, on this list have about 13% of banks will be closed down. From mid-2007, due to the collapse of the financial crisis the Bank has more than $ 150. Current United States bank account for more than 90 days or more overdue loans during 4.9%, 26-year high.
This time a wave of bank failures, which are the characteristics of small-to medium-sized banks. In the current round of financial crises since the collapse of 150 banks, from the number in the United States among multiple bank 8100 ratio less than 2%. Also from the asset weighting only accounted for a smaller share. In the Obama administration's view, these small and medium-sized bank does not have a "systemic risk", even failures are significant, but these failed Bank also offered to put together a large bank. In particular, small and medium-sized banks typically focus on local business, the economic and financial globalization today, they do not have the international influence.
From a macro perspective, the wave of bank failures in this field in 100 years of the financial crisis, is this the result of the real estate bubble burst. In the financial crisis, the brunt of the banking sector.
Deep crisis of the commercial real estate are dragged down the main banking collapse speculative fever. Moody's commercial real estate price index shows that compared to the peak in 2007, the United States commercial real estate prices fell by 41% to date. Investment company INGClarionPartners believes that from 2012, the United States valuable 1.4 trillion in commercial real estate loans will expire, which has a large number of loans to the loan-2007, and was "toxic assets" worst of times. As investors anticipated previously on the market, investors level is impractical, coupled with excessive prices in previous years, and market potential fraud, commercial real estate market stalls are extremely difficult to clean up the mess. United States real estate of the company's CEO Kenneth · Briggs said, commercial real estate market by 2020 will not be fully recovered.
United States to study, because the wave of bank failures can be from two aspects. On the one hand is the Bank itself. Failures of banks and problems generally fall within the judgment on the economic situation, investment, particularly in the real estate bubble blowing large involvement in a large number of bad commercial real estate loans. According to banking institutions ForesightAnalytics of report shows that in the entire us 8100 a number of banks, there are approximately 2200 Bank (from old industrial areas of community credit institutions to medium-sized regional bank) business than regulators require cordon.
Bank failures on the other hand because of the supervision. Florida-Ocala National Bank is a subsidiary of the Ministry of finance, Office of the Comptroller of the currency is responsible for the supervision of the Bank's officials have found that the Bank loan standards too loose, and too focused on building loan. But regulators failed to take enforcement measures to correct the behavior, the Bank was finally closed down in January this year. FDIC Chairman Sheila-Bell recently own reflection said: "we should do better. ”
Aware of the lack of supervision, the United States Government and regulatory bodies began to seek to strengthen and improve supervision. First, the regulatory bodies are discussing whether on bank balance sheets of commercial loans set hard, not as soft law. This automatically enables the Bank to avoid increasing risk assets. Secondly, increasing the Bank's capital adequacy ratio. This is the Obama administration solution to large financial institutions "great and is the principal means of inverted". Third, on the banks of overdue loans and loans for financial default product settings. The fed a Reserve Bank DanielK.Tarullo has recently proposed to require banks in relation to this type of loan you want to raise capital. Fourth, the FDIC has recently requested onsite inspectors on bank deposit bonus, brokers, and loan growth restrictions. The sector in recent years has been recruiting experienced bank inspectors.
However, banking managers and some regulators worry, in the long-term neglect after a sudden strengthening regulatory supervision, it may generate excessive regulation. If excessive regulation, can cause sorrow loan, banks and suppresses the Bank's innovation capacity. Former Chairman of the FDIC, to monitor the consultant William · Isaac said that the Bank does not need to be told, their world is dangerous, they need to know is there's no tomorrow.
Small and medium-sized bank failures on United States economic recovery will undoubtedly have an impact. Its direct impact is the bank failures result in layoffs, the United States this is a serious problem of unemployment. And indirect, and more important in the fight against small and medium-sized business. United States to create jobs and medium-sized enterprises accounted for 60 per cent of national employment, is the backbone of the United States to create employment. While a large number of small and medium-sized enterprises is the main source of small and medium-sized bank loans. The Obama administration has held a meeting and launch initiatives to help SMEs with loans difficult problems.
Despite the collapse of the wave of the banking sector has not yet ended, but the last is not a bad news. FDIC11 24 announcement third quarterly report that shows that the United States banking profitability in the third quarter, while 28 billion second-quarter loss of $ 43 is. In addition, the report also shows that the third quarter, the Bank's net interest margin increased to four years. The Bank recover profits is a bright spot. This is derived from the exploitation of the depositor. Currently, United States of deposit interest is at its lowest level in history. The fed on November 24, published on
Time record of the meeting of the monetary policy decision, the financial market situation has improved, the tightening of credit conditions have improved.In short, the sand, only those who can safely through the crisis of Bank you may usher in a new development opportunities.
No comments:
Post a Comment