英国新建宏观审慎的金融监管框架及启示

UK's new macro-prudential financial regulatory framework and its implications

英国金融体系未能幸免于2008年国际金融危机的冲击,暴露出英国金融监管框架同样存在明显缺陷。为此,英国政府决心对其金融监管框架进行改革,将基于系统整体的宏观审慎监管与传统的基于单个金融机构的微观审慎监管结合起来。文章介绍了英国监管当局对其旧监管体系的反思,及新监管框架的结构与运行模式,并在此基础上总结了当前国际金融业监管新趋势对我国的启示。

The UK financial regime was inevitably affected by the international financial crisis in 2008 and the apparent defects in the UK financial regulatory framework were revealed. In this regard, the UK government is determined to reform its regulatory framework and integrate macro-prudential regulation on a whole system basis with traditional micro-prudential regulation on an individual financial institution basis. This article talks about the reflections of the UK regulatory authority on its former regulatory regime, the structure and operation mode of the new regulatory framework, and on that basis, summarizes the implications of the international financial regulatory trends for China.