Efeito dos instrumentos macroprudenciais na composição da receita dos bancos

Abstract

This work studies the effects of the implementation of macroprudential policies on the composition of banking revenue, which corresponds to the distribution of income generated by interest and generated from other sources. For the estimations, the panel data method with fixed effect was used. Quarterly data from Reuters, OECD and IMAPP were used and cover the period 2010-2020. The macroprudential instruments analyzed were the countercyclical capital buffer, limits on foreign exchange positions, systemically relevant financial institutions, liquidity limits, foreign currency limits and leverage limits. The results show that the implementation of macroprudential measures does indeed affect the composition of bank revenue, increasing between 1.4 to 4.3 percentage points. Therefore, the implementation of macroprudential measures has the impact of the bank diversifying revenues, reducing risk, however, it can reduce the supply of credit available in the economy. Due to this, the implementation of macroprudential measures is relevant in the formulation of these policies by the monetary authorities, because there is a banking cost of regulation.