金融分析和投资基础.ppt

Copyright ? 2009 Pearson Prentice Hall. All rights reserved. 20-* The 1980s U.S. Banking Crisis Why? Decreasing profitability: banks take risk to keep profits up Financial innovation creates more opportunities for risk taking Innovation of brokered deposits enables circumvention of $100,000 insurance limit Result: Failures ? and risky loans ? Copyright ? 2009 Pearson Prentice Hall. All rights reserved. 20-* Federal Deposit Insurance Corporation Improvement Act (FDICIA) of 1991 Following the widespread failure of thrift institutions in the late 1980s, the Bush administration proposed a set of legislation to overhaul the supervision and insurance for the thrift industry. As part of this, the FSLIC was dissolved and the FDIC assumed responsibility for insuring thrift institutions. To address the new needs of the FDIC, the Improvement Act of 1991 was passed. Copyright ? 2009 Pearson Prentice Hall. All rights reserved. 20-* Federal Deposit Insurance Corporation Improvement Act (FDICIA) of 1991 FDIC recapitalized with loans, ability to borrow from the Treasury, and higher premiums to member banks Reduce scope of deposit insurance and too-big-to-fail Eliminate deposit insurance entirely Lower limits on deposit insurance Eliminate too-big-to-fail Coinsurance Copyright ? 2009 Pearson Prentice Hall. All rights reserved. 20-* Federal Deposit Insurance Corporation Improvement Act (FDICIA) of 1991 Prompt corrective action provisions Critics believe too many loopholes However: accountability increased by mandatory review of bank failure resolutions Risk-based premiums Annual examinations and stricter reporting Enhances Fed powers to regulate international banking Copyright ? 2009 Pearson Prentice Hall. All rights reserved. 20-* Federal Deposit Insurance Corporation Improvement Act (FDICIA) of 1991 FDICIA also instructed the FDIC to develop risk-based insurance premiums. However, it wasn’t very effective. The Federal Deposit Reform Act of 2005 attempts to remedy this. FDICI