信用评级机构的法律定位及其国际监管改革研究

发布时间：2018-07-13 14:31

【摘要】：信用评级机构是金融市场日益专业化过程中不可或缺的一员,通过其专业化的评价体系,对解决投资者和证券发行人之间的信息不对称问题发挥了很大的作用。但是,随着评级机构日益深入地参与到金融证券化的过程中,不可避免的利益冲突使其中立性、客观性等在一定程度上有所缺失。次贷危机发生后,对信用评级机构加强监管的呼声日益高涨,各国金融监管机构开始对信用评级机构进行全面的严格的监管,但是,由于评级业本身的自然垄断属性以及评级业务的专业性,使其定位上存在模糊之处。在分析信用评级机构存在的缺陷基础之上,对其法律定位进行探讨,并预测国际监管改革与合作的发展趋势是十分必要的。
[Abstract]:Credit rating agencies are indispensable members in the process of financial market specialization. Through its specialized evaluation system, credit rating agencies play a great role in solving the problem of information asymmetry between investors and securities issuers. However, with the increasing involvement of rating agencies in the process of financial securitization, the inevitable conflicts of interest make them lacking in neutrality and objectivity to some extent. After the subprime mortgage crisis, the voice of strengthening the supervision of credit rating agencies has been rising day by day. The financial regulatory agencies of various countries began to carry out comprehensive and strict supervision over credit rating agencies, but, Due to the natural monopoly property of the rating industry and the professional nature of the rating business, the positioning of the rating industry is ambiguous. On the basis of analyzing the defects of credit rating agencies, it is necessary to probe into the legal position of credit rating agencies and to predict the development trend of international regulatory reform and cooperation.
【作者单位】：复旦大学法学院;南京审计学院;
【分类号】：D996.2

【共引文献】