NO.PZ2023102101000053
问题如下:
Which is true about the countercyclical conservation
buffer?
选项:
A.The countercyclical buffer is primarily a
micro-prudential measure
The countercyclical buffer can only be zero (0%)
during the phase-in period, as eventually it achieves a constant of 2.5%
regardless of environment
Its primary goal is to avoid destabilizing losses
subsequent to a period of excess credit growth
A bank will be required to maintain this buffer it the
bank falls under a jurisdiction identified and designated by the Basel
Committee
解释:
Its primary goal is to avoid destabilizing
losses subsequent to a period of excess credit growth
“136. Losses incurred in the banking sector
can be extremely large when a downturn is preceded by a period of excess credit
growth. These losses can destabilize the banking sector and spark a vicious
circle, whereby problems in the financial system can contribute to a downturn
in the real economy that then feeds back on to the banking sector. These
interactions highlight the particular importance of the banking sector building
up additional capital defenses in periods where the risks of system-wide stress
are growing markedly.”
In regard to (A), this buffer is
quintessentially MACRO-prudential; e.g., “137.The countercyclical buffer aims
to ensure that banking sector capital requirements take account of the
macro-financial environment in which banks operate.”
In regard to (B), this is false as the
countercylical buffer is only meant to apply during excess credit regimes.
“This requirement will be released when system-wide risk crystallizes or
dissipates.”
In regard to (D), the requirement for this
buffer (from 0 to 2.5%) is delegated to the respective national authorities,
not Basel.
“139. Each Basel Committee member jurisdiction will
identify an authority with the responsibility to make decisions on the size of
the countercyclical capital buffer. If the relevant national authority judges a
period of excess credit growth to be leading to the buildup of system-wide
risk, they will consider, together with any other macroprudential tools at
their disposal, putting in place a countercyclical buffer requirement. This
will vary between zero and 2.5% of risk weighted assets, depending on their
judgment as to the extent of the build-up of system-wide risk.”
a period of excess credit growth,代表经济过热,所以需要把counter cyclical buffer 调到2.5%
当经济降温以后再调回0%,是这个意思吗?