不当行为风险治理新进展及其对国际银行业的影响——基于FSB进度报告的分析

Recent Progress of Misconduct Risk Governance and Its Implications for International Banking

不当行为风险是公司及其员工的行为方式对客户、投资者或交易对手产生不良后果的风险,包括产品不当销售、违反规则和操纵市场等,严重的不当行为风险还可能对金融系统的有效运行产生负面影响。文章探讨了不当行为风险的概念来源、演进过程及基本特征,并分析了金融稳定委员会(FSB)发布的两份关于不当行为风险治理的进度报告。FSB进度报告的推出和持续完善,有助于深化认识金融机构的不当行为风险及其对客户乃至金融系统的影响,也必然对国际银行业的薪酬结构、治理框架和风险文化、批发市场良好行为实践等方面带来持续而深远的影响。

Misconduct risks such as mis - selling of financial products, violation of rules and manipulation ofmarkets refer to risks that the way in which firms and their staff conduct themselves will result in poor outcomesfor customers, investors or counterparties. To strengthen the competence of the financial system for misconductas well as awareness of behavior and conduct across markets and market players, FSB has released two progressreports on reducing misconduct risks. The releasing and continuing improvement of FSB progress reports wouldhave important implications for understanding of misconduct risk in the financial sector and its impact on cus-tomers and the financial system, and it will inevitably result in a continuous and far- reaching impact on com-pensation structures, governance frameworks and risk cuhure in international banking, as well as good practicestandards for wholesale FICC markets.