From the 1970 s, the global securities market started a to institutional, liberalization and globalization for the theme of profound change. The reforms lifted in the capital of the world, three big wave: the merger of financial institutions, the fusion of the financial business wave wave, asset securitization, among them, the financing wave of asset securitization is called the world's leading technology innovation. Asset securitization is a financial innovation and financial tools, countries in financial development and reform play a very important role. Foreign practice proves that help to improve asset securitization financial liquidity, and to improve the financing structure optimization efficiency of monetary policy. In our country, the asset securitization gradually from the theoretical exploration to empirical test.
Asset securitization is the world's fastest growing financial field of financial products in the world, many countries have implemented effectively, but in our country of asset securitization is in exploration and pilot stage. And at the same time, asset securitization is a main body participation in numerous, complicated structure, and the degree of marketization trading rigorous, high financial innovation engineering, it has significant in macro micro economic benefit, and risk also appears focused and complex. Therefore, we should actively using securitization in can offer positive economic benefit, and cautious do risk prevention of securitization, and the implement of properly, make its supervision better promote and promote the development of our national economy.
This article on the structure is divided into five parts. The first part of this paper introduces the basic concept of asset securitization, process, characteristics, classification system and the implementation of the necessity of asset securitization. The second part of the analysis of asset securitization with domestic and foreign development process. The third part deeply analyzed the securitization process the possible risk. Including the interest rate risk, credit risk, policy risk, financial risk management, legal risk, systemic risk, moral risks and other possible risks. The fourth part explain the risks of asset securitization regulatory problems. Safety and efficiency include "coordination" concepts of supervision is not formed on real significance, the coordination of the supervision model not building up and no established the perfect public disclosure system, and ignore the self-discipline supervision. The final part of pertinently put forward the strengthening our country risks of asset securitization supervision of feasible measures. : innovation of financial supervision, strengthen the information disclosure system concept and construction supervision coordination model; Finally to strengthen their internal control and supervision construction industry self-discipline.
追问这个跟我在有道翻译的一样啊。。。