美国信用衍生品交易监管立法及对我国的启示

发布时间：2018-05-24 07:05

本文选题：信用衍生品 + 风险管理　；参考：《证券市场导报》2011年03期

【摘要】：本文论述信用衍生品主要类别、积极作用及交易蕴含风险,分析评价了2010年7月美国国会通过的包含信用衍生品在内的金融衍生品交易监管立法。我国监管层也有推出信用衍生品的计划,并于2010年11月开始市场试点,在此背景下作者对构建我国信用衍生品监管法律制度提出若干建议:加快制定包括信用衍生品在内的统一的金融衍生品交易监管法,为市场发展奠定法律基础;完善金融监管协调机制;尽快出台相关立法或司法解释以解决《中国银行间市场金融衍生产品交易主协议》有关规定与现行法律冲突的问题;适时修改监管规则以鼓励金融机构更多采用信用衍生品管理风险;逐步引进集中清算方式;改进信用衍生品监管信息披露要求。
[Abstract]:This paper discusses the main types of credit derivatives, the positive role and the risks involved in trading, and analyzes and evaluates the regulatory legislation on financial derivatives trading including credit derivatives passed by the United States Congress in July 2010. China's regulators also have plans to launch credit derivatives, and in November 2010, the market began to pilot, In this context, the author puts forward some suggestions on the construction of China's credit derivatives regulatory legal system: to speed up the formulation of a unified regulatory law on financial derivatives, including credit derivatives, in order to lay a legal foundation for the development of the market; Improve the coordination mechanism of financial supervision, issue relevant legislation or judicial interpretation as soon as possible to solve the problem of the conflict between the relevant provisions and the current laws of the Master Agreement on Financial Derivatives Trading in the Interbank Market of China; Timely revision of regulatory rules to encourage financial institutions to adopt more credit derivatives to manage risk; gradual introduction of centralized clearing; improvement of regulatory information disclosure requirements for credit derivatives.
【作者单位】：上海财经大学法学院;
【基金】：2009年度教育部人文社会科学研究青年基金项目《信用衍生品及其交易监管法律研究》阶段性研究成果,项目编号:09YJC820069
【分类号】：DD912.28;D971.2;F831.51

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