安聯首席經濟顧問:摩通(JPM.US)收購第一共和銀行將帶來後續損害
安聯首席經濟顧問Mohamed El-Erian稱,第一共和銀行(FRC.US)被摩通(JPM.US)收購解決該行無序倒閉的直接威脅,因此不會加劇對其他地區銀行造成額外破壞的風險,不過潛在的附帶損害及意外後果遠非無關緊要。
他補充,今次交易顯示美國當局接受「並非最好選擇」的又一案例,表明監管機構及政策制定者再一次未能找到應對經濟及金融挑戰的最佳解決辦法,再次批評聯儲局此前只視通脹爲暫時情況,但及後又大舉加息來壓制通脹。
他續指,交易可能會對美國金融體系造成四個顯着的後果,包括美國銀行體系將會更加集中,一些大到不能倒的銀行變得愈來愈大,一旦倒臺將對經濟造成災難性影響。其次是市場對存款保障制度的性質存在更大的疑問,第三是銀行體系或持續減少向經濟提供信貸,最後是救助第一共和銀行的總成本仍有待評估,包括公私部門之間如何分擔成本。
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