论国际金融衍生交易中的政府监管

On Governmental Supervision over International Financial Derivative Transactions

政府对金融衍生工具的监管,主要是从宏观全局性的角度来对其进行相应的协调规划,避免市场失灵情况的出现,将金融衍生交易的不稳定性所产生的风险尽可能地降低,从而创造出一个稳定的、有法可依、有章可循的市场环境,更利于发挥金融衍生工具的积极作用,限制其消极作用。就政府在国际金融衍生交易的职能来看,主要包括创造公平竞争的市场环境、完善信用担保体系等。其主要内容包括以下几方面:1.制定交易法规条例,限定监管机构的权限;2.管理和监督期货交易所的行为;3.对市场参与者实行宏观管理等。

The mainly task of Supervision of the financial derivative by the government are planning corresponding coordination to the finance derives trade from the macroscopic, and avoid the market out of control, reduce the risk that is bring from the instability in trade, try to get steady market there are laws and regulations to abide by, so that it is more easy to use it. The function of the government in the international finance derives trade are creating the fair market, consummating the sponsion system, and the content as following:1. Establishing the rule and restrict rights of the supervision organization;2. Managing and Supervising the conduct of futures bourse;3. Managing participator from macroscopic.