金融机构市场化退出:一个制度协调的新思路

Market Withdrawal Of Financial Institutions:A New Idea Of Institutional Coordination

存款保险制度与金融机构风险处置制度之间的协调是金融机构风险处置中的重要问题。一个新的思路是设立一个统一的金融业风险保障基金和分行业的风险处置基金,该基金将存款保险基金、保险保障基金和证券投资者保护基金的保障部分进行整合,履行单一的付款箱功能。在统一的金融业风险保障基金之外,分行业设立银行业金融机构风险处置基金、证券业金融机构风险处置基金和保险业金融机构风险处置基金,由不同行业的监管机构进行监管,进行相关行业机构风险处置。这一思路可以避免现有制度设计的不足,弥合不同制度思路的分歧,更好地进行金融机构风险处置,保护投资者利益。

Coordination between the deposit insurance system and the risk disposal mechanism of financial institutions is an important issue in the risk disposition of financial institutions. The main divergence of different systems dwells on the distribution of the power to dispose of the risk of financial institutions. A new idea is to establish a unified financial risk protection fund and an independent-operation risk disposal fund that will integrate the deposit insurance funds, insurance security fund and the protection section of securities investor protection fund to perform a single function as a payment box. In addition to a unified financial risk protection fund, sub-sector risk disposal fund applying to the banks, securities and insurance, which are supervised and disposed by corresponding regulatory agencies, should be set up. The idea avoids the deficiency of the existing system, bridges the divergence of different systems and improves the risk disposal mechanism to achieve the final goal to protect the interests of investors.