摘要
金融市场主体如何面对金融监管权的失灵,是否有可能形成合力来维护金融业整体的利益,一直是经济法理论界研究的重要问题。本文研究了在金融市场失灵与监管失灵情况下,行业协会是否可以作为第三条道路选择的问题。在对行业协会自治权的性质探讨方面,本文首先分析了自治权与私权利、公权力的区别,认为自治权具有"公私混合"的特征,更适合界定为一种私权力;又从维护共同利益、发挥中介作用、资源约束与成本节约等方面,论证了行业协会自治的合理性;并基于自治权失灵理论,论证了金融监管权干预行业协会自治权的正当性。在此基础上,本文进一步分析了我国金融监管权与行业协会自治权的边界问题,并提出了完善二者边界的四条原则。
How financial market entities deal with the failure of financial regulations, the possibility to protect the overall interests of the financial sector has been an important issue in the field of economic law. The paper argues that the financial association is the third choice in the face of financial market failure and regulatory failure. In discussing the nature of autonomy of the financial association, the paper analyzes the difference between autonomy, private rights and public rights respectively. Autonomy has a ＂public-private mix＂ feature, and it is better to be defined as private rights. This paper illustrates the rationality of the autonomy of the financial association from the perspectives of safeguarding the common interests, playing the intermediary role, the resource constraints and cost savings. The paper further puts forward autonomy failure theory to justify the legitimacy of financial regulatory authority＇s interventions on the autonomy of the financial association. Finally, the paper proposes four principles to better delineate the boundary
出处
《金融监管研究》
2014年第11期92-106,共15页
Financial Regulation Research
基金
四川省高等学校人文社科重点研究基地中国经济法治研究中心的资助
关键词
金融监管权
行业协会
自治权
Financial Regulation： Industry Association
Autonomy
