신BIS협약이 기업대출에 미치는 영향에 관한 연구

The Proposals in Pillar Ⅰ of the New Basel Capital Accord will create the regulatory capital requirements that are sensitive to credit risk. So, this study focuses on the effects of the New Basel Capital Accord on bank's corporate loan using the change of deposit insurance value and the regulatory capital requirements. The major findings are summarized as follow;First, the regulatory capital requirements about BBB～B rating loan under the New Basel Capital Accord are higher than under the Basel Capital Accord. But the regulatory capital requirements about AAA～AA rating loan under the New Basel Accord are lower than under the Basel Capital Accord. This phenomenon leads to reduce corporate loan.Second, the New Basel Capital Accord is likely to increase the pro-cyclicality. In rising periods of business activity, banks will encourage the expansion of credit and loan through relaxing capital requirements, while the other hand, in economic fallen periods they may restrain the loan on account of being imposed more stringent capital requirements. Because the regulatory capital requirements will be increased and the value of deposit insurance will be decreased through the economic fallen periods. So, regulatory authorities must consider the pro-cyclicality of New Basel Capital Accord and moral hazard according to deposit insurance policy.