金融控股公司监管制度探讨——美国金融控股公司加重责任制度研究与借鉴

A Probe into Financial Holding Company Regulatory System ——A Study of American Financial Holding Company’s Enhanced Obli gations System & its Reference Significance

为防范特有的道德风险 ,美国在对金融控股公司的监管中实行了加重责任制度 ,其主要内容包括资本维持承诺、力量之源原则、新的银行关闭措施、交叉担保条款和及时改正措施等。该制度的实施 ,对加强金融控股公司的经营管理、约束其道德风险等都发挥了积极的作用。汲取该制度的有益成分 ,正视并解决其实施过程中所存在的诸如控股公司融资成本提高、担保能力受限等问题 ,对我国金融控股公司的监管将具有重要的借鉴意义。

In order to prevent against typical moral risks, overburden-d ut y system is performed in the regulation of financial holding companies, the prim ary contents of which are capital maintenance promise, source of vigor rule, mea sures for closing of new bank, divergent guarantee provisions and timely correct ion, etc. The performance of this system really has played an active role in enh ancing operation and management of financial holding companies and binding their moral risks. Taking it as a reference for regulation of financial holding compa nies in China to accept useful parts of the system and to face and solve such ex isting problems in it as too high financing costs, limited guarantee power, etc. is of significance in China at present.