摘要
资产证券化是金融机构为降低市场利率风险和规避监管创造性的产物,对这场次贷危机起到了推波助澜的作用,但资产证券化本身并没有错,错误的是它被不恰当的利用。资产证券化是金融虚拟性演进到高级阶段的结果,是被监管者为规避监管以追逐最高利润为目的设计的行为模式。次贷危机为我国资产证券化监管提供的启示是明确真实买卖标准、强化信息披露,规范基础资产范围。
Asset seeuritization is the product of financial institutions＇ intention to reduce interest risks and avoid regulation, which has further promoted the subprime mortgage crisis. There is nothing wrong with asset securltization itself, but it has been abused to some degree. As an advanced result of financial virtuality, asset securitization was originally designed to avoid regulation and maximize profit. What we can learn from the subprime mortgage crisis is to set clear criteria of true sale, intensify information disclosure and specify the scope of underlying assets.
出处
《辽宁大学学报（哲学社会科学版）》
2009年第1期151-155,共5页
Journal of Liaoning University(Philosophy and Social Sciences Edition)
基金
国家社科基金规划课题"银行法律制度的改革与完善研究"(04CFX009)
辽宁省教育厅2007年度创新团队项目计划"金融市场秩序法律保障研究"(2007T060)
关键词
资产证券化
次贷危机
监管
诱因
真实买卖
信息披露
asset securitization
the subprime mortgage crisis
regulation
true sale
information disclosure
