我国企业资产证券化中基础资产的风险隐患与规范路径

发布时间：2018-03-25 15:12

本文选题：资产证券化　切入点：资产支持证券　出处：《深圳大学学报(人文社会科学版)》2017年05期

【摘要】：基础资产是资产证券化项目的核心,基础资产的风险直接决定了资产证券化产品的风险。近年来,随着我国企业资产证券化规模的飞速增长,风险隐患也日渐显现,风险事件时有发生,存在着有关基础资产风险控制法律制度不完善、优质资产稀缺导致基础资产风险隐患加大、基础资产风险分散度不够等方面的问题。因此,从完善我国企业资产证券化制度、防范基础资产风险的角度出发,应当以立法定规为核心,积极推动完善我国资产证券化法律体系;同时进一步加强监管,在证券化审核中强化对风险分散度和底层资产的关注,特别是要关注现金流稳定性和多层架构中的法律风险问题;在金融机构和市场中介方面,必须建立以控制基础资产风险为重点的内控机制;并建立以信息披露制度为核心的投资者保护制度。
[Abstract]:Basic assets are the core of asset securitization projects, the risk of basic assets directly determines the risk of asset securitization products. Risk events occur from time to time, and there are some problems related to the imperfect legal system of risk control of basic assets, the scarcity of high-quality assets leading to the increase of hidden risks of basic assets, the lack of dispersion of risks of basic assets, and so on. From the angle of perfecting our country's enterprise asset securitization system and preventing the risk of basic assets, we should take legislation as the core, actively promote the perfection of our country's asset securitization legal system, at the same time, further strengthen the supervision, In the securitization audit, we should pay more attention to risk dispersion and underlying assets, especially to the stability of cash flow and the legal risk in multi-tier structure. It is necessary to establish the internal control mechanism with emphasis on controlling the risk of basic assets and the investor protection system with the information disclosure system as the core.
【作者单位】：深圳市社会科学院;
【基金】：国家社会科学基金青年项目“互联网市场价格违法行为规制研究”(16CFX045) 深圳创新思想库课题“深圳市高技术产业创新效率及影响因素研究”(SXK1613)
【分类号】：F832.51

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