金融海啸冲击下我国金融衍生产品法律监管问题研究.pdfVIP

中文摘要 作为二十世纪七八十年代全球金融创新浪潮中的高科技产品，金融衍生产 品是在传统金融品(如货币、股票、债券等)基础上衍生而出的新兴金融工具， 杠杆性、未来性、虚拟性等特性令其炼化为锋利无比的双刃剑，既可成就繁华 亦能带来萧条。而在此次始于美国并迅猛蔓延全球的金融海啸中，金融衍生产 品再次被推至风口浪尖处,在这样特殊的时代背景下，加之中国金融衍生产品法 律监管过往、当前及即将遭遇的一系列困境，需要我们思考与探索的空间相当 之大。 在本文中，笔者对金融衍生产品的概念作了正本清源的探究，并进而阐述介 绍了其种类，进而点出对其进行的法律监管出现滞后与真空是此次金融海啸爆 发的深刻原因，同时指出中国在这样的大背景下存在的种种监管难题与困境。 接着本文对在本次金融海啸下暴露出的美国金融衍生产品法律监管理念偏差、 模式滞后及具体法律制度漏洞进行了总结与分析，进而在结合中国实际国情的 前提下，提出应认识到对金融衍生产品进行监管的必要，并夯实基础理论、明 晰监管理念、重构监管模式及完善监管法律的相应思考与提议。 关键词：金融海啸 金融衍生产品 法律监管 监管完善 I Abstract Financial Derivatives is the high-teth Products from global financial Innovation tide wave during the 1970’s and 1980’s. It’s an new sort of financial tool derivate upon traditional financial Products ，such as currency，stock，bondete .Financial derivative has great risk eased by its leveraged ，future and dummy characteristics, so it can improve or damage the economy. Although the financial derivatives was not a direct incentive to the financial turmoil ,but it had played a role in adding fuel to the flames. So This paper which considers the sub- loan crisis in the United States as an opportunity，attempts to do some beneficial exploration on legal supervision of financial derivatives. Base on that, this paper introduces the concept, types and characteristics of financial derivatives, and then point out the serious deficiencies of legal supervision of financial derivatives is an important reason for the outbreak of the U.S. sub-loan crisis. After that this paper reviews the development course of China’s financial derivatives，introduces China ’s the status quo of legal supervision of