从美国次贷危机看金融创新的风险管理

Risk management in financial innovation—A lesson from the US subprime crisis

该文指出美国次贷危机的根源是对金融创新的风险管理不到位,文章分析了金融创新的特征以及市场参与者对金融创新的风险意识淡薄的现状,指出美国次贷危机的教训在于金融机构应充分重视金融创新中的风险管理,而监管机构对金融创新的风险监管则是业务发展和市场稳定的有力保障;最后文章对如何加强我国金融创新的风险管理提出相关的意见和建议。

This paper claims that the root cause of the US subprime crisis is the inadequate risk management in financial innovation. After analyzing the characteristics of financial innovation as well as market participants＇ lack of risk awareness, this paper points out that the main lesson from this is that financial institutions should attach great importance to risk management in financial innovation, and that risk supervision by supervisory institutions should, in the process, play a positive role in guaranteeing business development and a stable market. In the end, the paper puts forward related suggestions and recommendations concerning how to strengthen risk management in China＇s financial innovation.