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主题:【原创】硅谷银行挤兑、联储和虚拟币交所倒塌 -- 铁手

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家园 2008经济危机后就不行了

以前是不成文的行业守则,08年危机后,美国搞了个 “沃尔克规章” (“Volcker Rule”)规定:

Essentially, it prohibits banks from using their own accounts for short-term proprietary trading of securities, derivatives, and commodity futures, as well as options on any of these instruments.

翻译:从本质上讲,它禁止银行使用自己的账户进行证券、衍生品和商品期货以及任何这些工具的期权的短期自营交易。

The rule, as it exists, allows banks to continue market making, underwriting, hedging, trading government securities, engaging in insurance company activities, offering hedge funds and private equity funds, and acting as agents, brokers, or custodians. Banks may continue to offer these services to their customers to generate profits. However, banks cannot engage in these activities if doing so would create a material conflict of interest, expose the institution to high-risk assets or trading strategies, or generate instability within either the bank or the overall U.S. financial system.

翻译:现有规则允许银行继续做市、承销、对冲、交易政府证券、从事保险公司活动、提供对冲基金和私募股权基金,以及充当代理人、经纪人或托管人。银行可能会继续向其客户提供这些服务以产生利润。但是,如果银行从事这些活动会造成重大利益冲突,使机构面临高风险资产或交易策略,或在银行或整个美国金融体系内造成不稳定,则银行不得从事这些活动。

对于一般商业银行来说,进行高风险投机是与储户的重大利益冲突。也就是说信托投资,卖理财产品可以,但不能直接用存款进行高风险投机。

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