英国金融市场基础设施监管状况及未来发展

Regulatory conditions and future developments of UK financial market infrastructure

文章剖析了英国金融市场基础设施（主要包括支付系统、中央对手方和证券结算系统）的监管框架，总结了监管工作在信用风险和流动性风险、恢复与处置和操作风险管理等方面取得的主要进展，阐述了其在国内、国际监管合作方面的监管权力运用，梳理了下一步的发展方向和酝酿的主要变革。

The article analyses the regulatory framework of UK financial market infrastructure （FMI）, mainly including the payment system, central counterparty clearing and securities settlement system. It summarizes the major progresses made by regulatory efforts in the respect of credit risk, liquidity risk, recovery and resolution and operational risk management, sets forth the exertions of FMI＇s regulatory powers in terms of domestic and international regulatory cooperation, and points out the future developments and main reforms that FMI will face.