摘要
《期货法》立法是我国期货市场发展和创新过程中的重大议题。本研究探讨性地提出了界定期货的三个排他性标准,建议在立法中平衡监管和市场之间的关系,简政放权,解决任命制与微观市场创新能力受限、交易所一线监管灵活性不足之间的矛盾,同时采取措施提升期货公司经营能力和合理保护期货交易者。本文还探索了优化监管框架的新内容,如破除部门行政利益关系的束缚,推动结算机构的独立化,清算业务的统一化及其与保证金监控业务的合并,建立适当的监管制衡机制。
The legislation of Futures Act is the central issue for the innovation and development of China＇s futures market. This paper on one hand puts forward three exclusive standards to circumscribe the scope of regulation, and on the other proposes that the role of regulation and market shall be balanced by streamlining and delegation of administration in order to mitigate the intense relationship between the rigidity of personnel appointment and inadequacy of micro market innovation as well as the inflexibility of self-regulation by stock exchange. Additionally this paper upholds that overall regulation could be optimized by the centralization of the settlement system, consolidation of margin call with settlement arrangement, the independence of settlement system from administration and enhancement of checks and balances for the regulatory department.
出处
《证券市场导报》
CSSCI
北大核心
2015年第1期65-70,共6页
Securities Market Herald
基金
国家社会科学基金项目"我国期货农业模式创新研究"(编号:12BJY108)
关键词
《期货法》立法
期货界定
期货市场监管
legislation of futures act, the definition of futures, the regulation of the futures market
