如何防范“大而不能倒”风险？——系统重要性金融机构监管框架梳理

The Regulatory Framework for Systemically Important Financial Institutions

2008年全球金融危机以来,强化系统重要性金融机构监管、防范"大而不能倒"问题成为全球范围内金融监管改革的重点内容。目前,统一性的系统重要性金融机构监管框架已经确立,主要包括评估、监管和处置三个环节,核心是加强监管的强度和有效性。本文对国际上系统重要性金融机构监管框架进行了梳理,围绕三个中心环节试图廓清相关边界和内容,并探讨强化我国系统重要性金融机构监管的方向和路径。

Since the global financial crisis in 2008, strengthening the supervision of systemically important financial institutions and preventing the occurrence of the "too big to fail" problem has become the focus of global financial regulatory reform. At present, a unified regulatory framework for systemically important financial institutions has been established, mainly comprised of evaluation, supervision and disposal methods. The core of this framework is to strengthen the intensity and effectiveness of supervision. This paper examines the regulatory framework of systemically important financial institutions in the world and tries to clarify the relevant boundaries and contents of these three essential areas. It also explores the path of strengthening the supervision of systemically important financial institutions in China.