对金融控股公司监管边界的有效性研究

Toward the Validity of Supervision Boundary of Financial Holding Companies

伴随金融控股公司的发展,我国现有金融监管体制的有效性面临挑战。运用新制度经济学的经济学供求理论,剖析金融控股公司发展对金融监管边界的突破,分析金融创新和国际监管标准对我国金融监管制度边界有效性的影响,得出的结论和建议是:金融控股公司模式是现代金融发展的趋势,金融监管制度要顺势而为促其健康发展;通过调整金融监管制度变量,确保金融监管边界对金融控股公司风险的有效覆盖;加强金融监管协调,提高金融监管的运行效率;金融监管制度的安排和创新,要有利于提高我国金融机构国际竞争力的提升。

With the development of financial holding companies,the effectiveness of existing financial regulatory system faces challenges.The paper analyzes the breakthroughs that financial holding companies have made in financial supervision boundary with the supply and demand theory of the neo institutional economics,and explains the impact of financial innovation and international regulatory standards on the boundary effectiveness of China's financial regulatory system.We conclude and recommend that financial holding companies are the trend to develop modern finance,while the financial regulatory system should assist and secure their sound development;that the restructure of financial regulatory system should ensure that financial supervision boundary effectively covers the risks of financial holding companies;that we should strengthen coordination of financial supervision and improve the operating efficiency of financial supervision;that the arrangements and innovation of financial regulatory system should be conducive to enhancing the international competitiveness of China's financial sector.