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金融监管:规制复杂性的一种尝试

Financial Regulation: An Attempt to Regulate Complexity
课程网址: http://videolectures.net/ccss09_kondor_fraatrc/  
主讲教师: Imre Kondor
开课单位: 厄特沃什·罗兰大学
开课时间: 2009-07-10
课程语种: 英语
中文简介:
会议从复杂性的角度回顾了2007-09年金融危机的主要组成部分,认为20年来意识形态驱动的放松管制、证券化的激增、场外衍生品和资产负债表外项目的蔓延、过度的杠杆作用、经过核对的债务义务和结构性投资工具导致了一个巨大的影子银行系统的建立,变得不透明和复杂到完全不可知的程度。这样的制度是不可能规范的。由于大规模的政府干预、部分或完全国有化以及一系列的崩溃,该体系正在去杠杆化过程中,一大批新的监管正在制定中。这次会谈将对由于德拉罗西埃委员会而提出的关于新监管的最具连贯性的建议进行粗略的监督。最后,提出了一种适应性监管体制的构想。
课程简介: The talk reviews the main components of the financial crisis of 2007-09 from a complexity perspective and argues that two decades of ideology driven deregulation, the surge of securitization, the spreading of OTC derivatives and off balance sheet items, excessive leverage, collaterized debt obligations and structured investment vehicles led to the creation of a huge shadow banking system that became opaque and complex to such a degree as to be totally unknowable. Such a system is impossible to regulate. As a result of massive government interventions, partial or complete nationalization, and a series of collapses, the system is in the process of deleveraging, and a large body of new regulation is in the making. The talk will give a sketchy oversight of what is perhaps the most coherent set of proposals for the new regulation, due to the de Larosiere Committee. Finally, the idea of an adaptive regulatory regime will be put forward.
关 键 词: 金融危机; 证券; 监管体制
课程来源: 视频讲座网
最后编审: 2020-03-23:chenxin
阅读次数: 46