银行系统风险的防控机制研究：基于银行治理视角

Under China's current structural deleveraging and economic downturn, the possibility of occurrence of financial risks is higher. It is important for the steady development of China's economy to effectively prevent and defuse the bank systemic risk. .Our project contains three aspects: Firstly, based on the perspective of shadow banking, the different types of financial institutions with complex linkages resulting from the rapid growth of shadow banking are integrated into a unified framework. We will estimate systemic interconnectedness across financial institutions. Furtherly we will measure systemic risk of financial institutions combining the concepts “too connected to fail” and “too big to fail”. Secondly, based on the novel perspective of bank shareholders' chaos behavior, executive incentives and data governance, we will discuss the impact of bank governance on systemic risk in China. Moreover we will explore the role of the implementation of relevant normative documents in restraining banks from taking risk. Thirdly, we will analyze the interactive relationship between bank governance and financial supervision. On the basis, we will put forward a regulatory framework for the interaction between bank corporate governance and financial regulation, to improve China’s bank systemic risk prevention system and mitigation mechanism.

在我国当前结构性去杠杆和经济下行压力加大的背景下，金融风险处于易发多发期，如何有效地防范和化解银行系统风险，是关乎新常态下中国经济平稳发展的重大问题。本研究包括三个方面：第一，从影子银行视角切入，把银行开展影子银行业务中所导致的存在复杂联系的不同类别金融机构纳入统一的框架，从微观角度构建单家金融机构间的相互联系网络，并将金融机构间的联系网络和规模同时纳入系统风险的测度中。第二，从“股东乱象”行为、高管激励机制和数据治理三个角度，分析我国银行治理水平对银行系统风险的影响，进一步探讨相应的规范性文件的实施对于约束银行冒险行为的作用。第三，分析银行治理对金融监管效果的影响，探究银行治理与金融监管的互动关系，从而为构建银行治理与金融监管相互融合的监管框架，更好地防范和化解我国银行系统风险提供理论支持和实践指导。

本项目的主要研究内容为首先，鉴于我国影子银行与金融机构间的关联度和业务运作的复杂性息息相关，基于此重要现实背景，本项目从影子银行视角切入测度金融机构间的联系网络，并据此测度系统风险；其次，从银行治理的微观视角出发，探究股东行为、高管激励机制和数据治理等银行治理特征对银行系统风险的影响；最后，剖析存款保险制度、宏观审慎监管口头沟通、金融强监管和金融行政处罚等金融监管在防范银行系统风险中的作用。本项目的研究成果有助于更准确地测度我国银行系统风险和识别系统重要性金融机构，改善我国银行治理机制，完善我国银行监管框架。立项以来，项目负责人共发表论文4篇，其中，CSSCI论文4篇，包括《管理科学学报》1篇，《金融研究》1篇；在《人民出版社》出版专著1本；已接收待发表论文2篇，包括《中国管理科学》1篇，《财经研究》1篇。