金融服务实体下的非标业务风险化解

Improving the quality and efficiency of financial supply by Promoting the migration of non-standard financial products to the regulated market

本文梳理了非标业务产生的背景、机理、现状以及监管政策沿革和所带来的影响。从建设多层次债券市场的角度,提出了通过指定专门市场,推动非标资产规范化交易,进而建设完善低评级企业债务资本市场,达到完善信用传导机制、分散银行体系信用风险、防范化解有关风险的目标。

This paper sorts out the background,mechanism,current situation of non-standard financial product business,as well as the evolution and impact of regulatory policies.'From the perspective of building a multilayer bond market,this paper puts forward the goal of improving the credit transmission mechanism, dispersing the credit risk of the banking system,and preventing and resolving the related risks by designating a special market to promote standardized transactions of non-standard assets,and then building and perfecting the debt capital market of low-rating enterprises.