论金融商品交易监管的发展趋势

On the Development Trend of Financial Instruments Exchange Regulation

基于历史传统和经济政策的不同,各国证券、期货等金融商品交易监管体制存在较大差异,基本可以分为统一监管和多头监管。随着20世纪后期混业经营的发展,传统的监管体制和监管制度受到了挑战。为了积极应对金融市场风险,提高资本市场的竞争力,一些国家不断完善立法,逐步加强金融商品交易市场的监管。总体而言,全球金融商品交易监管发展趋势主要表现为加强功能监管和集中统一监管,扩大金融监管的合作与协调,强化自律组织的监管职能。

Based on the historical tradition and economic policies of different countries,supervision system of the securities,futures and other financial instruments transactions is quite different,which can be mainly divided into unified supervision and multi-department supervision.With the development of mixed operation of the late twentieth century,the traditional supervision system has been challenged.In order to actively respond to the financial market risks and improve the capital market competitiveness,some countries continue to perfect legislation,strengthen the supervision of financial products market.Overall,global development trend is mainly to strengthen the function of supervision and the centralized and unified supervision,expand financial supervision cooperation and coordination,and strengthen self-regulation organization of the regulatory functions.