宏观审慎视角下金融控股公司穿透监管研究

Research on Financial Holding Company Look-Through Supervision from the Perspective of Macro-prudential

2008年金融危机以来,“大而不能倒”风险成为国际金融监管改革的重点内容,特别是对金融控股公司进行穿透监管成为各国监管部门防范系统性金融风险的共识。基于此,本文从宏观审慎视角出发,梳理了金融控股公司穿透监管的内涵和难点,并从坚持系统观念、建立“四位一体”穿透式监管框架、建立金融控股公司穿透监管系统、强化信息披露等方面,对“十四五”时期金融控股公司穿透式监管提供有益经验。

"Too big to fail"risk has become the focus of international financial regulatory reform since the crisis,especially the regulation of financial holding company penetration has become the consensus of regulatory authorities to prevent systemic financial risks.Based on this,from the perspective of macroprudencial,this paper points out the definition and difficulties of financial holding company look-through supervision.This paper also provides useful experience for financial holding company look-through supervision during the 14th Five-Year Plan period for maintaining a systematic approach,establishing a four-sphere integrated plan regulatory framework,establishing supervision system,and strengthening information disclosure.