统一监管:我国埸内衍生品监管模式的选择

本文基于国际场内衍生品的发展趋势,提出我国的场内衍生品监管模式应有利于提升衍生品交易所竞争力、鼓励场内衍生品市场创新、控制金融风险、提高监管效率和避免监管冲突与遗漏,从这些标准出发,本文对不同监管模式进行了分析,认为我国场内衍生品监管应选择统一监管模式。

Unified Regulatory Model:Choice of China's Exchange Traded Derivatives Regulatory Model

As exchange traded derivatives market develops aggressively and more financial futures are about to be listed,it comes urgent to decide China's exchange traded derivatives regulatory model.This paper scans the proposition of world exchange traded derivatives markets,points out that exchange traded derivatives regulatory model should help upgrade the competitiveness of derivative exchange,encourage derivatives markets innovation,manage financial risk,improve regulation efficiency,avoid regulatory conflict and regulatory blank.From this point of view,the paper analyzes different regulatory models,and concludes that unified regulatory model is the best choice.