信息监管:我国信贷资产证券化监管之最优选择

发布时间：2018-10-13 19:58

【摘要】：信贷资产证券化作为一种金融创新,将间接融资直接化,打通了银行信用与市场信用,但其系统性风险的放大功能对流行的功能性金融监管模式也提出了严重挑战,美国次贷危机即彰显了现有监管模式对于信贷资产证券化的监管缺陷和失败。反思次贷危机的根源,本质上可以归咎于金融信息披露的严重失范。比较美国新的金融监管体系改革,立足中国实践,重构金融监管体系必须以信息监管为中心,以此构建一个统合的金融信息平台,形成有效的信息共享机制,并进一步完善金融机构和监管者对金融创新产品的全程信息披露制度,强化对金融消费者的保护。
[Abstract]:As a kind of financial innovation, credit asset securitization can directly direct indirect financing, and open up bank credit and market credit. However, the amplification function of systemic risk also poses a serious challenge to the popular functional financial supervision mode. The subprime mortgage crisis in the United States shows the defects and failures of the existing regulatory model for credit asset securitization. To reflect on the root of the subprime mortgage crisis can be attributed to the serious financial information disclosure. Comparing the reform of the new financial supervision system in the United States, based on the practice of China, the reconstruction of the financial supervision system must take the information supervision as the center, so as to construct an integrated financial information platform and form an effective information sharing mechanism. And further improve the financial institutions and regulators of financial innovation products of the whole information disclosure system, strengthen the protection of financial consumers.
【作者单位】：上海交通大学凯原法学院;
【基金】：国家社会科学基金青年项目“信贷资产证券化之现实冲突与法律整合”(项目批准号06CFX017)的阶段性研究成果之一
【分类号】：F832.51;D922.287

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