美国金融监管制度改革及其对我国的启示

American Financial Regulation Reform and Its Inspiration for China

在回顾美国金融监管制度历史演进的基础上,阐述了美国现行伞形监管模式及其存在的问题,评析了美国本轮金融监管制度改革方案的核心内容,指出了本轮美国金融监管制度改革对我国的启示。认为本轮美国金融监管制度改革将对全球金融体系和金融市场产生广泛影响。当前我国应尽快建立一元金融监管体制以完善金融监管协调机制;加强对评级机构的监管以保护消费者利益;转变金融监管方式,正确处理金融创新与金融监管的关系。同时,我国还应加强国际监管协作,共同防范金融风险。

President Obama signed a financial supervision reform bill and made it into law on July 21,2010. It indicates the achievement of American financial regulatory reform legislation which lasted nearly two years. Wall Street officially opened the prelude to a new financial era. This paper reviews the historical evolution of the American financial supervision system and describes the existing mode and umbrella supervisory problems. It analyses the core content of the current reform proposals and points out the inspiration for China. This reform program will have a widespread influ- ence on global financial system and financial markets. At present, China should establish unified system of financial supervision structure to im- prove the financial supervision coordination mechanism; strengthen the supervision of rating agencies to protect consumer benefit; change the financial regulatory mode and correctly handle the financial relationship between innovation and financial regulatory. Meanwhile,China should also strengthen international supervision cooperation and prevent the financial risks together.