论文部分内容阅读
证券化的发展推动了贷款出售的增长并深刻地改变了银行的业务模式。“发起—分销”模式有其经济上的合理性,特别是在银行的风险管理和增加资产的流动性方面。但其中隐含的道德风险和贷款质量的下降问题仍需我们特别关注。危机后多德弗兰克法案对此问题进行了规制,特别是风险自留的规则。我国证券化业务也在逐步扩大,对其监管规则的研究与借鉴有助于防范我国证券化活动中的金融风险。
The development of securitization has promoted the growth of loan sales and profoundly changed the bank’s business model. “Initiation - distribution ” model has its economic rationality, especially in the bank’s risk management and increase the liquidity of assets. However, the underlying moral hazard and the decline in loan quality still require our special attention. After the crisis, the Dodd-Frank Act regulated the issue, especially the rule of risk retention. China’s securitization business is also gradually expanding. The study and reference of its regulatory rules will help prevent the financial risks in our country’s securitization activities.