金融监管进程及其关联性判断

Financial Supervision Process and Its Relevance Judgment

将金融监管分为事前审批、事中监管、事后监管、市场环境、监管能力等五大类,对改革开放以来我国金融业及银行业、证券业、保险业的改革进程进行了定量测度,并基于VECM模型对比验证了我国金融监管改革促进行业发展的效果。研究发现,我国金融监管的改革进程整体趋势合理,不过目前事后监管程度偏低,证券业事前审批相对严格。事中监管、市场环境以及监管能力的改革均有利于促进金融业整体的发展,但事前审批及事后监管改革对发展存在不利影响。政府应当将监管的着眼点从银行业拓展到整个金融业,加强改革的协调性与科学性。

Financial regulation is divided to before-event approval, in-event regulation, post-event regulation, n^arket circumstances and regulation ability to measure financial reform process of financial, banking, securities and insurance industry and verify the effect of financial regulation by VECM model in China after the reform and opening up. The quantitative analysis indicates that the overall trend of our financial reform process is reasonable, but the degree of after-event regulation is lower, and securities industry＇s before-event approval is stricter at present. Besides, the reform of in ＂event regulation, market circumstances and regulation ability is conducive to promoting the development of financial sector as a whole, while the reform of before-event approval and after-event regulation has adverse influence on the development. Government should extend their focal point from banking industry to entire financial industry, and strengthen coordination and scientificity during the reformation.