论商品期货跨市场监管协调法律制度的完善

On the Improvement of the Trans-market Supervision Coordination Legal System of Commodity Futures

目前,银行、保险、证券类大型机构投资者陆续进入商品期货市场,交叉性金融产品不断推出,这与我国金融分业监管的格局形成了张力,信息不对称问题凸显,亟待建立商品期货跨市场监管协调法律制度。从现有监管协调法律制度框架来看,与现货市场的协调法律制度尚属空白,与其他金融市场的监管协调也存在权威性不强、权责不匹配、议事规则不明确等问题。建议构建以信息共享为核心的监管协调法律制度,组建农业咨询委员会、能源咨询委员会,藉以搭建现货市场与商品期货市场的信息沟通平台,同时,建立金融协调委员会,建立包含信息共享法律制度、金融风险预警与应急处置法律制度、紧急磋商法律制度、政策协调法律制度等系列金融监管协调法律制度。

At present,large institutional investors like banking,insurance and securities industries enter the commodity futures market in succession,and cross-financial products are launched continuously,which causes tension for the present situation and the pattern of respective supervision by financial industries in our country.The problem of asymmetric information is very prominent and the trans-market supervision coordination legal system of commodity futures is desperately needed.In the existing supervision coordination legal system framework,the coordination legal system of the spot market is still blank,and supervision coordination with other financial market is not strong in authority.Whats more,power and responsibility do not match,and rules of procedure are not clear.It is necessary to build a supervision coordination legal system taking information sharing as the core,to form agricultural advisory committee and energy advisory committee so as to set up information communication platforms of the spot market and futures market,to establish the financial coordination committee,and to establish a series of financial supervision coordination legal system including information sharing legal system,early warning of financial risks and emergency treatment legal system,emergency consultation legal system,policy coordination legal system,etc.