欧洲信贷资产流转市场调查研究

Market Research on European Credit Assets Trading Market

2017年7月,银行业信贷资产登记流转中心(以下简称"银登中心")考察小组赴英、法两国同业机构交流,期间先后访问了多家行业协会和金融机构,就欧洲信贷资产流转市场的基础设施、平台公司、自律组织等进行了考察调研。调研发现,欧洲信贷资产流转市场在三十多年的发展历程中,交易品种和交易模式逐渐丰富,具有行业自律作用突出、投资者结构多元化、市场分散度高且区域性强等特点,这对于金融基础设施服务的要求不断提高。在此基础上,本文从促进我国信贷资产流转市场进一步发展的角度出发,提出了制定并推广行业标准、完善金融基础设施服务、继续研究贷款评级和价格发现机制、推动银团贷款流转业务等建议。

In July 2017, the research team of Bank Credit Asset Registration and Transfer Center visited several associations and financial institutions in UK and France, conducted a research on the infrastructure platform companies and self-regulatory organizations of the European credit asset trading market. The survey showed that the products and trading modes of European credit asset trading market have been gradually enriched during the past 30 years. With prominent self-regulation in the industry, diversified investor structure, highly diversified markets and strong regional presence, the demand for financial infrastructure services continue to increase. To promoting the further development of China credit asset trading market, this paper propose some suggestions on formulating and promoting the industry standards, improving the financial infrastructure services, studying the loan rating and price discovery mechanism, and promoting the syndicated loan trading business