改善复杂金融工具信息披露及风险管理的几点建议

Suggestions for improving information disclosure and risk management of complicated financial instruments

复杂金融工具具有高风险性的特征,而此次国际金融危机的发生与过度创新复杂金融工具、对复杂金融工具缺乏充分的信息披露和审慎的风险监管有直接关系,文章认为应以此为重点进一步完善巴塞尔资本协议及国际财务报告准则。该文在总结金融危机教训的基础上,提出了改善复杂金融工具信息披露透明度和加强对复杂金融工具风险管控的若干建议,以应对国际金融危机对复杂金融工具的应用和发展提出的挑战。

Complicated financial instruments come with high risks. The ongoing financial crisis is directly linked to over-innovation, as well as inadequate disclosure and risk monitoring of the complicated financial instruments. The authors hold that the Basel capital accord and intemationat financial reporting codes should be further improved. After summing up the lessons drawn from this financial crisis, this paper puts forward suggestions for improving disclosure transparency and risk control of complicated financial tools, so as to address the challenges posed by the application and development of these tools.