金融控股公司风险传递法律防范机制研究

发布时间：2018-01-21 12:52

本文关键词： 金融控股公司风险传递内部治理金融监管　出处：《西南政法大学》2015年硕士论文　论文类型：学位论文

【摘要】：作为一种金融综合经营模式,金融控股公司的发展与其风险防范相伴而行。由于其本身组织架构及控制关系复杂,加之经济关联性、信息不对称及信心辐射等因素的共同作用,公司中某一实体内部产生的风险极易通过关联交易之路径、借助资金流、信息流等载体向关联公司传递。在外部有效监管缺位的情况下,公众极易对整个金融控股公司丧失信心,甚至会引爆系统性风险,影响实体经济安全。所以,在金融控股公司的发展壮大过程中,风险的传递防范成为亟待解决的问题,而这也是研究金融控股公司风险防范的重难点。解决此问题的一个有效途径就是在分析风险传递成因的基础上,结合国外先进经验并立足于我国实际情况,从公司内部防范与外部监管两个大方面入手,共同防范风险在金融控股公司内部的传递。沿着这条思路,本文划分为五大部分:第一部分首先对金融控股公司风险传递的原因及特点进行分析。风险之所以在金融控股公司内部传递主要是因为关联交易、内部资源共享、监管缺陷及“羊群效应”的存在;之后,总结出金融控股公司风险传递的特点,即多米诺骨牌效应、传递隐蔽、突发性、声誉牵连以及可控性。第二部分主要对当前我国金融控股公司风险传递法律防范机制存在的问题进行分析。此部分指出,我国在诸如金融控股公司的内部治理结构、关联交易规制、现行监管模式等方面存在诸多问题,未来风险传递防范机制的构建和完善应首先突破这些问题。第三部分主要是对域外防范金融控股公司风险传递的经验进行考察。其中不仅介绍了域外防范金融控股公司风险传递的重点措施、金融控股公司外部风险监管的典型模式,还对各监管模式的优点及存在的问题进行简要评析。在对域外经验进行考察和分析的基础上,总结出域外经验为我国构建和完善金融控股公司风险传递法律防范机制提供的有益启示。第四部分主要是针对我国金融控股公司风险传递法律防范机制存在的问题,提出行之有效的完善对策。概言之,即内部防范机制的加强与外部监管制度的完善。前者涵盖完善公司治理结构、构建内部风险预警机制、强化内部激励约束机制;后者包括健全防火墙制度、完善信息披露制度、转变监管模式及监管方式等。第五部分主要为总结性概括,在对上文进行整合的基础上指出一切机制的建立与健全都离不开相关法律体系的完善。
[Abstract]:As a comprehensive financial management model, the development of financial holding company is accompanied by its risk prevention. Because of its complex organizational structure and control relationship, coupled with economic relevance. Information asymmetry and confidence radiation and other factors together, the risk generated by an entity in the company is easy to rely on capital flow through the path of related party transactions. In the absence of effective external supervision, the public is prone to lose confidence in the entire financial holding company, or even detonate the systemic risk, affecting the security of the real economy. In the process of the development and expansion of financial holding companies, risk transmission and prevention has become an urgent problem to be solved. This is also a difficult point to study the risk prevention of financial holding companies. An effective way to solve this problem is to analyze the causes of risk transmission, combined with foreign advanced experience and based on the actual situation in China. Starting from the internal prevention and external supervision of the company, together to prevent the transmission of risk in the financial holding company. Along this line of thought. This paper is divided into five parts: the first part analyzes the causes and characteristics of risk transmission in financial holding companies. The main reason for risk transmission in financial holding companies is related party transactions. Internal resource sharing, regulatory defects and the existence of "herd effect"; After that, it summarizes the characteristics of financial holding company risk transmission, namely domino effect, transmission covert, sudden. Reputation implication and controllability. The second part mainly analyzes the problems existing in the legal mechanism of risk transmission of financial holding companies in China. There are many problems in China, such as the internal governance structure of the financial holding company, related party transaction regulation, the current regulatory model and so on. The construction and perfection of risk transmission prevention mechanism in the future should first break through these problems. The third part is mainly to investigate the experiences of preventing risk transmission of financial holding companies outside the country. The key measures of risk transmission in stock companies. The typical model of external risk supervision of financial holding company is also briefly analyzed on the advantages and problems of each regulatory model. On the basis of investigation and analysis of the extraterritorial experience. This paper summarizes the beneficial enlightenment that the extraterritorial experience provides for the construction and perfection of the legal mechanism of risk transmission of financial holding companies in China. Part 4th is mainly aimed at the question of the existence of legal prevention mechanism of risk transmission of financial holding companies in China. Question. Put forward effective improvement countermeasures. Generally speaking, the strengthening of internal prevention mechanism and the improvement of external supervision system. The former covers the improvement of corporate governance structure and the construction of internal risk warning mechanism. Strengthening the internal incentive and restraint mechanism; The latter includes perfecting the firewall system, perfecting the information disclosure system, transforming the supervision mode and the supervision mode, etc. The 5th part is mainly summarized as the summation. On the basis of the integration of the above, it points out that the establishment and perfection of all mechanisms can not be separated from the perfection of relevant legal system.
【学位授予单位】：西南政法大学
【学位级别】：硕士
【学位授予年份】：2015
【分类号】：D922.28

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