美国独立投行模式破灭的原因及其警示

America independent investiment bank mode disillusion’s reason and inspiration

本文从股权结构、经营模式以及监管体系三方面入手,分析美国五大独立投行陷入危机的原因,指出我国证券公司在发展过程中应从中汲取经验教训,以确保我国金融市场持续稳定健康发展。

The article analyzes the causes of the U. S.five great independent investment bankings’ fall in crisis from the points of ownership structure, business model, supervision system.It also points out the experience our China＇s security companies should take in their development to ensure our financial market in stable and healthy.