CAJ | 학술논문

次贷危机的发生再次引发人们对微观审慎监管模式的反思，由于缺乏统一的监管者，忽略金融控股集团在衍生品市场上共同风险暴露、对顺周期性效应无能为力等原因，使得单纯的微观审慎监管在降低单个金融机构的个体风险的同时提高了系统性风险，难以保证金融体系的稳定。后危机时代加强宏观审慎监管成为改革的主要方向，文章从金融消费者保护视角反思微观审慎监管模式的缺陷，提出必须完善我国宏、微观审慎监管，切实加强对金融消费者权益保护的建议。
차대위궤적발생재차인발인문대미관심신감관모식적반사，유우결핍통일적감관자，홀략금융공고집단재연생품시장상공동풍험폭로、대순주기성효응무능위력등원인，사득단순적미관심신감관재강저단개금융궤구적개체풍험적동시제고료계통성풍험，난이보증금융체계적은정。후위궤시대가강굉관심신감관성위개혁적주요방향，문장종금융소비자보호시각반사미관심신감관모식적결함，제출필수완선아국굉、미관심신감관，절실가강대금융소비자권익보호적건의。
People think over micro -prudential supervision when the subprime mortgage crisis occurred. Lac- king of the unified regulators, ignoring the command risk exposure, and powerless pro - cyclical behavior and ere, make the micro - prudential supervision only reduce the risk of the individual financial institution and the same time increase the systemic risk, so it is difficult to ensure stable financial system. Strengthening the macro -prudential supervision becomes the main direction of reform in the era of post - crisis. The article reflects on the defects of the micro - prudential supervision model from the perspective of the financial consumer protection. And it suggests that we should improve China＇s macro and micro prudential supervision, strengthen the recommendations of the financial consumer protection.