美国证券法对衍生交易市场风险披露的监管及借鉴——以SEC“305规则”体制的监管要求为视角 |
| |
作者单位: | 深圳证券交易所博士后工作站,厦门市审计局 |
| |
摘 要: | 在以市场风险披露为基础的衍生交易监管政策下,SEC的“305规则”体制由定量、定性信息披露要求与前瞻性信息披露的安全港规则有机构成。我国应当借鉴先进的风险监管规则,构建创新的衍生工具市场风险披露法律框架,并解决好创新规则实施过程中的成本-收益权衡问题、收益波动性问题。
|
关 键 词: | 衍生交易 市场风险 信息披露 “305规则” |
Supervision of Disclosure of Financial Derivatives' Market Risk in American Securities Law and its Implication for China |
| |
Authors: | Zhang Xiaoling Chen Huamin |
| |
Institution: | Zhang Xiaoling Chen Huamin |
| |
Abstract: | In the supervisory policy based on the disclosure of financial derivatives'market risk, "305 rule"system is synthetically constructed by quantitative disclosure requirements, qualitative disclosure requirements and"safe harbor"provision. We should adopt advanced risk supervision approach, establish innovative legal framework for disclosure of financial derivatives'market risk, and carefully deal with cost-benefit tradeoff and earnings volatility when implementing the new regulation. |
| |
Keywords: | Derivatives Transaction Market Risk Information Disclosure "305 rule" |
本文献已被 CNKI 等数据库收录! |