基于巴塞尔协议Ⅲ背景下的区块链金融风险管理研究

Research on Financial Risk Management of Blockchain Based on Basel Accord III

在当前的金融行业尤其是证券行业中,区块链技术及其分散理念逐渐被前沿的金融科技交易(含泛金融科技交易)广泛采纳。区块链技术在证券交易所或私募股权等场外衍生品交易市场中被广泛采纳并用于新券或新股的发行、流通、交易,包括结算、清算等方面的过程中。这种去中心化的技术理念及其实际操作在基于巴塞尔协议Ⅲ(最终版-2017)、中央对手方交易机制的当下给整个金融和证券市场的法律法规的制定和实行、全过程的风险管理以及对手方敞口的核准和最终交易等多方面带来了较为重大的挑战。而此过程中区块链对于传统观念的冲击也带来了相应的安全保障。为此,文章最终提出采用分布式系统对于金融监管方面的新方法,填补了此前文献存在的空白,以供科研机构和相关部门参考。

In the current financial industry,especially the securities industry,blockchain technology and its decentralized concept are gradually widely adopted by cutting-edge financial technology transactions(including pan financial technology transactions).It is widely adopted in over-the-counter derivatives trading markets such as stock exchanges or private equity and used in the issuance,circulation and trading of new bonds or shares,including settlement and clearing.This decentralized technical concept and its practical operation have brought about major challenges in the formulation and implementation of laws and regulations,the risk management in the whole process,the approval of counterparty exposure and the final transaction of the entire financial and securities market based on Basel Accord III(final version-2017)and the central counterparty trading mechanism.In this process,the blockchain has impacted on the traditional concept,but also brought security guarantees.For this reason,this paper finally proposes a new method for financial supervision by using distributed systems,which fills the gap in previous literature and provides reference for scientific research institutions and relevant departments.