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Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82
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美国财政部

  美国财政部副部长MichaelFaulkender表示,官员们正在讨论一项可能针对银行的规则变更。

  随着上周美债下跌,“补充杠杆率”(SLR)这一监管规定受到的关注直线上升。美债创下的逾二十年最大跌幅引发人们对类似2020年3月市场崩盘情形的担忧。

  任何规则变更仍需美联储及其他监管机构批准,尽管负责美国金融稳定的监管委员会主席由财政部长担任。

  Faulkender在InvestmentCompanyInstitute的一个活动上表示,“我们正调研此事并已经开始讨论”。

  SLR于2018年正式实施,该规则不对资产设定风险权重,这意味着美国国债被与其他资产一视同仁。银行方面一直认为,这项资本规定在市场承压时期限制了它们增持国债的能力。新冠疫情期间,SLR对美国国债的适用曾被短暂叫停,但后来又重新生效。

  Faulkender表示,“我们不断在问自己一个问题,那就是在市场波动或发生压力事件时,是否有足够的流动性进入系统。如果SLR在市场压力时期构成不必要地约束,那我们是否有办法提升债券市场对单日高成交量的承载能力?”

  戴蒙、所罗门

  Faulkender未具体说明参与讨论的相关方,也未透露可能的改革时间表。他们的讨论主题是“SLR在多大程度上限制了市场运作”。

  摩根大通首席执行官杰米·戴蒙上周五表示,除非当局对部分资本和流动性监管规则进行调整,进一步释放银行在债券市场上的交易能力,否则美联储将不得不在国债市场未来陷入“混乱”时出手干预。戴蒙指出,仅仅调整SLR对摩根大通来说还不够。但其他银行高管认为,修改SLR规则将起到积极作用。

  高盛集团首席执行官戴维·所罗门也是呼吁改变SLR规则的人之一。

  所罗门周一表示,“放宽SLR规定将对美国国债市场带来积极影响,这是一项重要的结构性改革。”

  交易员观点

  WisdomTree固定收益策略主管KevinFlanagan上周表示,“融资市场确实出现了一些小波动,但还不至于引发美联储的干预。放宽SLR是可供使用的另一个工具,SLR可谓这方面的典型例子。”

  交易员认为,如果市场波动和收益率持续走高,监管机构有可能会调整针对交易商国债持有规模的相关规则。

  AmeriVetSecurities美国利率交易与策略主管GregoryFaranello表示,“他们必须大幅提升美国国债对本国机构的吸引力。”

把腰抬起来温客行X周子舒车:如何在瞬息万变的市场中脱颖而出,抓住机遇!的相关文章 美国人被关税逼出“奇招”的相关文章
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