The role of accounting in bank regulation on the eve of japan’s financial crisis: a failure of the new capital adequacy regulation
The role of accounting in bank regulation on the eve of japan’s financial crisis: a failure of the new capital adequacy regulation
复制标题
日本金融危机前夕会计在银行监管中的作用：新资本充足率监管的失败
DOI：
10.1006/cpac.2001.0506
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发表时间：
2002
影响因子：
5.1
通讯作者：
Norio Sawabe
中科院分区：
文献类型：
--
作者：
Norio Sawabe
摘要与以往对会计在金融危机中的作用的研究不同，本文探讨了会计如何被纳入新的银行监管体系。日本80年代中期的监管改革虽然旨在维持银行业务的稳健性，但未能阻止80年代后半期银行资产的过度扩张。新资本充足率监管中监管资本的定义方式是导致监管失败的主要原因之一。潜在重估储备部分计入资本。日本国内的监管改革是在资本充足率监管国际标准化（国际清算银行标准）这一更广泛的背景下进行的。日本监管机构利用被视为理所当然的会计做法，创造性地遵守国际清算银行的标准。
Abstract In contrast to previous examinations of the role of accounting in financial crises, this paper explores the way in which accounting has been woven into a new system of banking regulations. Although the regulatory reform of the mid-1980s was intended to maintain the soundness of banking businesses, it failed to prevent banks from excessive asset expansion in the latter half of the 1980s in Japan. One of the major causes of this regulatory failure is found in the way that the regulatory capital is defined for the new capital adequacy regulation. The latent revaluation reserves are partially counted as capital. Japanese domestic regulatory reform took place in the wider context of the international standardization of capital adequacy regulations (BIS standards). Japanese regulators utilized taken-for-granted practices of accounting to creatively comply with the BIS standards.