摘要
国际证监会组织及各国监管机构在总结反思2008年金融危机经验教训后,就建立看穿式监管机制的必要性形成了广泛共识。看穿式监管有提高市场监察效率、加强市场风险监测等优势。它有多种实现方式,通常由监管机构或其授权机构向投资者配发全市场唯一的编码,来识别投资者名下的不同账户的交易、持股等信息。本文研究了美国、中国、加拿大、澳大利亚、沙特阿拉伯等经济体在看穿式监管方面的做法,和看穿式监管的定义、成果、问题,分析了识别码模式、报告模式和连通模式等看穿式监管的主要模式。我国资本市场在吸收借鉴成熟市场经验的基础上,立足中国国情建立的股票市场看穿式监管制度受到国际证监会组织成员国的高度重视,为国际资本市场的监管提供了中国经验。
After the financial crisis in 2008, regulators around the world such as International Organization of Securities Commissions(IOSCO) and Financial Stability Board(FSB) have reached consensus on the establishment of see-through supervision. See-through supervision has strengths in protecting the interests of investors and helping regulators monitor market activities and surveille market abuses. It can be achieved by allocating unique code(customer identifier) to investors to identify their accounts information and trading records. This article is concerned about the see-through supervision established in the major economies in the world and researches on the definition, achievements and problems of the see-through supervision. It is well to be reminded that the practice in China has drawn wide attention among the members of IOSCO and provides a feasible alternatives for other countries.
出处
《证券市场导报》
CSSCI
北大核心
2019年第1期55-61,76,共8页
Securities Market Herald
关键词
看穿式监管
监管机制
监管模式
国际证监会
see-through supervision
supervision mechanism
supervision model
IOSCO
