金融机构票据回购业务的规范

The regulation of financial institutions' papers repo business

票据回购业务以其灵活、简便的交易方式为众多金融机构所青睐,但由于缺乏统一的业务规范和管理办法,出现了多种交易方式并存的格局,而其中的多数方式在合法性、合规性方面不同程度地存在着问题。对此,主管部门应从业务定位、交易规则、市场监管、内控机制以及市场基础设施建设等方面加以规范,促进票据市场的健康发展。

The business of papers repo is now favored by financial institutions for its convenience and flexibility. Nevertheless, the lack of unified business regulations and management methods leads to the coexistence of various trading patterns, most of which are plagued by conflicts with laws and regulations to different extents. To promote the sound development of the paper market, authorities in charge should further regulate the market in the aspects of business identification, trading regulations, market supervision, internal control mechanism, and market infrastructure.