美国金融监管改革法案评述

Review of American Financial Regulatory Reform Bill

《多德—弗兰克法案》是美国在反思金融危机原因的基础上形成的金融监管方面的改革阶段性成果,在诸如建立宏观审慎监管机制、加强消费者保护以及避免"大而不倒"金融机构的形成等方面作出了相应的制度安排。但本文认为,由于美国对此次金融危机的反思不够全面、客观和深刻,以及美国体制的高度政治化以及来自金融市场既得利益集团的阻扰,将使得该法案的效果大打折扣。因此,稳健的金融体系的建立依然任重道远。

＂Dodd - Frank Act＂ reflect on the cause of the financial crisis on the basis of the formation of the initial results of the financial regulatory reform, such as the establishment of macro- prudential supervi- sion mechanisms to strengthen consumer protection as well as to avoid the ＂too big to fail＂ formation of fi- nancial institutions made 7.9 the appropriate institutional arrangements. This paper argues that due to the re- flection of the financial crisis in the United States is not comprehensive, objective and profound, the Ameri- can system of highly politicized and obstruction from the vested interests of the financial markets, reducing the effects of the bill will make. Therefore, the establishment of a sound financial system is still a long way togo.