我国信贷资产证券化风险规制

发布时间：2018-02-04 09:42

本文关键词： 信贷资产证券化次贷危机风险规制重启完善　出处：《社会科学家》2017年02期 　论文类型：期刊论文

【摘要】：作为20世纪70年代以来发展最快的金融衍生品之一,信贷资产证券化在我国的发展并不平顺。在历经2008年金融危机的洗礼后,信贷资产证券化在国内也经历了“试点→叫停→重启试点”的波折。人们一方面折服于其精巧的机制设计,另一方面又不敢忽视其潜在的致命短板,如何对其风险施以有效规制就显得非常必要。中央在以极大的勇气重启信贷资产证券化试点的同时加强了对其风险规制,但这些措施还显得颇为粗糙,难以抵御其背后隐藏的巨大风险。如何灵活地运用信息披露、破产隔离与风险自留等监管手段,使上述风险规制更趋科学、臻于完备,是监管者亟待解决的一项重大课题。
[Abstract]:As one of the fastest growing financial derivatives since 1970s, the development of credit asset securitization in China is not smooth. After the baptism of financial crisis in 2008. The securitization of credit assets has also experienced "pilot" in China. 鈫扴top! 鈫扵he twists and turns of restarting the pilot project. On the one hand, people are convinced by its exquisite mechanism design, on the other hand, they dare not ignore its potentially fatal short board. How to effectively regulate the risk is very necessary. The central government has strengthened the risk regulation while restarting the credit asset securitization pilot with great courage, but these measures are still quite rough. It is difficult to resist the huge risk behind it. How to flexibly use information disclosure, bankruptcy isolation and risk retention and other regulatory means, so that the risk regulation becomes more scientific and complete. It is an important task to be solved by regulators.
【作者单位】：中国政法大学民商经济法学院;
【分类号】：D922.28;;F832.4
【正文快照】： 资产证券化作为20世纪70年代以来全世界发展最快的金融创新之一、近40年间全球金融市场的主流产品,在2007年以前,资产证券化通过精巧的机制设计、灵活的风险规避而倍受投资者青睐,甚至被誉为21世纪“最耀眼的明珠”[1],而信贷资产证券化则是其中大放异彩的翘楚,(1)我国也于200

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