金融司法的金融监管功能及其权力界限

The Financial Supervision Functions and Power Scope of Financial Judicature

司法裁判对金融交易行为的引导实际上发挥着金融监管的作用。对比行政监管的主动灵活性,金融司法对金融交易行为的规制较为谦抑被动。金融司法以个案或群案的裁判为基础,构建金融安全的最后一道屏障。金融司法裁判过程中表现出的监管功能体现了能动司法的特点,其与行政监管既有差异又有互补。强化穿透式司法审查的功用,以理性、审慎干预金融市场原则为出发点,有利于厘清司法权的监管边界。借助交易文本标准化、“转介条款”、缔约过失责任等法律技术,有助于搭建司法机关与行政机关的联动机制。金融监管应在肯定司法优先效力的框架下,逐步构建金融风险监管的协同机制,形成新发展阶段稳定的金融监管格局。

The judicial judgment on financial transactions plays a guiding role in financial supervision.Compared with the active flexibility of administrative supervision,the financial judicial regulation of financial transactions is more modest and passive.Financial justice is based on the judgments of an individual case or group cases,and builds the last barrier for financial security.The supervisory function in the process of financial judicial adjudication reflects the characteristics of active justice,which is complementary to and different from administrative supervision.To strengthen the function of penetrating judicial review according to the principle of rational and prudential intervention in the financial market is conducive to clarifying the regulatory boundaries of judicial power.Employing legal techniques,such as standardization of transaction texts,“referral clauses,”and liability for negligence in contracting,can help to build a linking mechanism between judicial and administrative agencies.Financial supervision should gradually build a coordinated mechanism to prevent financial risks within the framework of affirming the priority effect of justice so as to establish a stable financial supervision pattern in the new development stage.