完善我国同业拆借市场监管

Improving China's interbank lending market supervision

同业拆借市场由于基本是信用交易,隐藏着较大的信用风险,极易引发系统性风险。针对当前我国同业拆借市场监管中存在的问题,该文提出应从规范同业拆借市场主体行为、体系和秩序三个层面着手,尽快完善同业拆借规章制度;从监管体系、监管手段、监测分析、协调机制四个角度出发,建立监管框架;从扩大电子备案系统覆盖面、加强事后监督、增强报备功能三个环节,查补漏洞,防范拆借风险。

The interbank lending market is a credit-trading market, relatively high credit risk is an inherent feature of such a market and it is therefore likely to exhibit systemic crises, Based on careful analysis of the existing supervisory problems, this paper provides some recommendations for reform of the interbank market. The author recommends that regulaters should focus on standardizing agents＇ behavior, the trading system and trading order and to establish sound interbank lending regulations. The author also recommends reform of the regulatory framework in four directions： supervisory system, supervisory measurements, supervisory analysis and supervisory coordination. To mitigate crises, the author recommends： expanding the coverage of the electronic filing system, enhancing after-the-event supervision, and improving the filing system.