金融机构综合化转型及其风险监管

The Transition of Financial Institution and Risk Regulation

作为机构和产品双重转型的产物,以花旗为代表的金融控股集团内含全面市场风险,并在次贷危机中产生严重损失。鉴于功能性监管机制的滞后,美国08监管改革蓝皮书提出建立基于目标的最优化监管架构。我国金融控股集团处于主业突出、效益明显的起飞阶段,但积累的风险亟需规范的监管框架。近期应强化集团风险内控机制,并根据《中国人民银行法》实现监管协调机制的实体化,着力夯实主监管机制;从长期来看,应推动金融控股集团专门立法,并最终建立以综合化市场为基准的统一金融监管实体。

Through dual transition, financial holding groups were exposed to aggregating market risks, and suffered huge losses in sub-prime loan crisis. Consequently, a modernized financial regulatory structure was proposed in America. Chinese financial holding groups are developing in early stage, but we should also pay great attention to potential risks. We should strengthen internal control mechanism, and enhance the regulatory function according to Law of the People＇s Bank of China.