证券监管模式的国际比较与启示

The Comparison of the International Securities Supervision Pattern and Its Apocalypse

由于国情、历史、文化传统等诸多原因 ,各国在控制证券风险实践中 ,概括起来大体可分为集中型监管模式、自律型监管模式和中间型监管模式。通过对这三种监管模式比较 ,可以看出 ,证券监管发展的总体趋势是以自律管理为基础 ,政府监管为指导 ,混业监管是金融监管的趋势。顺应时代潮流 ,我国的证券监管应该进一步完善内部监管制度 ,提高自律机构的监管权力 。

Because of the difference in situation,history and culture,three security supervision patterns such as centralizing pattern,self-discipline pattern and middle pattern have developed.Comparing those security supervision patterns,we can see that the trend of securities superˉvision system is to establish mingling-supervision pattern which is based on self-discipline and is directed by government.Learning from interˉnational practice.China should strengthen its internal supervision system and improve the power of self-discipline organizations and reinforce the cooperation with overseas supervision system and international financial organizations.