国际清算银行：银行的监管风险承受能力（英文版）

In managing their capital, banks balance the risk of breaching regulatory requirements against the cost of maintaining and speedily restoring “management” buffers. Using 68 quarters of data on 17 US and 17 euro-area banks, we find systematic reductions in steady-state management buffer targets and attendant rises in regulatory risk tolerance (RRT) following the Great Financial Crisis (GFC). This phenomenon is particularly pronounced at banks with higher capital requirements post GFC. In paral