金融行为监管模式分析与国际经验借鉴

The Pattern Analysis and International Experience of Finance Behavior Supervision Mechanism

在国际金融监管发展中,各国在制定金融体制和监管立法时,甚至国际监管规则,普遍倾向于审慎监管,强调金融机构维护金融体系稳定的作用,而自2008年金融危机后,逐步重视行为监管,强调对金融机构间的交易行为的监管和对金融消费者的权益保护。强化行为监管,无疑是弥补双峰监管理念的短板,形成审慎监管与行为监管有效互补的监管框架。本文从行为监管的认识层次、模式划分和实践探索的角度,探究行为监管理念的演进、存在形式,总结了主要国家行为监管的实践经验,旨在为我国新时代下金融监管机制如何纳入行为监管机制提供借鉴。

In the development of international financial supervision,when countries formulate financial system and regulation legislation a,even international supervision rules,they generally tend to exercise prudent supervision,emphasizing the important role of financial institutions in maintaining the stability of the financial system.However,since the global financial crisis in 2008,they have gradually attached importance to behavioral supervision,emphasizing the protection of the rights and interests of financial consumers.Strengthening behavioral supervision undoubtedly makes up a shortcoming of the twin peaks supervision conception,and a regulatory framework of effective complementation between prudential supervision and behavioral supervision is formed.From the perspective of understanding level,pattern division and practical exploration of behavior regulation,this paper explores the evolution and existing form of the concept of behavior regulation,and summarizes the practical experience of major national behavior regulation,aiming at providing reference for the financial regulation mechanism in the new era of China on how to be included in the behavior regulation mechanism.