The Impact of Macroprudential Capital Constraints on the Performance of Commercial Banks

The Basel III Accord takes macroprudential measures as an important approach to prevent financial systemic risks.Since China established the Macro Prudential Assessment (MPA) system in 2016, it has continuously improved the macroprudential policy framework.Nowadays, macroprudential policies have become an important means for China to deal with financial systemic risks.Macroprudential policies enhance the riskbearing capacity of commercial banks through capital -related policy tools, which affects the operation mode and development direction of commercial banks to a certain extent, and thus has an impact on the performance of commercial banks.This paper selects the data of 136 commercial banks in China from 2013 to 2022 for empirical analysis, examines the impact of macroprudential capital constraint policy tools on the performance of commercial banks, and through the mediating effect test, finds that capital constraints can improve the performance of commercial banks by controlling bank risks.