利率市场化:配套机制和银行挑战

• 作 者: 连平 鄂永健
• 机 构: 交通银行,交通银行金融研究中心,
• 出 处: 新金融评论
• 发表日期: 2013年01期
• 关键词: 汇率市场化 利率市场化 贷款利率 金融账户 客户结构 定价能力 中间业务 资本项目 存款利率 外汇占款

利率市场化应配套推进,重点是建设债券市场、建立存款保险制度、构建基准利率等方面。同时,利率、汇率市场化宜同步推进,资本和金融账户开放适当慢行。利率市场化将给银行业带来利差收窄、风险增大、定价能力亟待提高、转型压力加大等深远影响和严峻挑战。银行业应从调整资产结构、优化客户结构、转变收入结构和提升内部管理能力等多方面加以应对。

Market-based interest rate should be supported to promote, with emphasis on the construction of bond markets, the establishment of deposit insurance system, the establishment of benchmark interest rates and so on. At the same time, marketization of interest rates and exchange rates should be promoted simultaneously with proper slow-down of capital and financial accounts. The marketization of interest rates will bring far-reaching impact and severe challenges to the banking industry such as the narrowing of interest spread, the increased risk, the urgent need of pricing power, the pressure of restructuring and so on. Banking industry should adjust its asset structure, optimize the customer structure, change the income structure and enhance internal management capabilities to deal with many aspects.