华尔街命运共同体:金融业自律之路

Wall Street as Community of Fate:Toward Financial Industry Self-Regulation

惨烈的金融危机促使各国决策者们努力寻求使世界金融市场风险最小化的制度安排。本文赋予"自律"以新的含义和目标,将自律视为新治理的一种特殊形式,主张在金融界推行一种全新的自律体制,从而在遏制系统风险的同时,能够敦促金融业在危机中保卫公众利益。

In the wake of the worst fnancial crisis since the Great Depression, policymakers around the world are searching for regimes to minimize risk in the global fnancial market.This article gives self-regulation new meaning and views self-regulation as a particular form of the New Governance approach. It advocates a fundamentally new self-regulatory regime in the fnancial sector, which would focus explicitly on the issue of systemic risk prevention and imposetheresponsibilityofprotectingthepublicfromfnancialcrisesdirectlyonthefnancialservicesindustry.