CAJ | 학술논문

金融监管政策与货币政策、财政政策构成政府管理经济的三大战略工具。离开有效的金融监管，无法成功管理我国经济转型中产生的各类风险和挑战。当前影响我国金融监管效率的因素主要有：一是金融体系存在广泛的隐性担保，准入壁垒与不公平的竞争环境严重抑制金融业竞争，金融监管外部环境亟待改善；二是监管机构背负的多重目标间存在冲突，监管实践中难以同时兼顾；三是监管机构运作独立性不强、资源严重不足、问责机制薄弱，治理框架需完善；四是行政控制导向的现有分业监管结构日益难以适应金融混业经营迅速发展的现实，重复监管与监管空白并存，缺乏正式的宏观审慎框架，监管合作不规范，信息共享安排不完善：五是类金融组织发展迅速，与正规金融体系的联系日益密切，对区域性金融稳定的影响逐步显现，但其监管存在空白，且各地监管标准不统一。
금융감관정책여화폐정책、재정정책구성정부관리경제적삼대전략공구。리개유효적금융감관，무법성공관리아국경제전형중산생적각류풍험화도전。당전영향아국금융감관효솔적인소주요유：일시금융체계존재엄범적은성담보，준입벽루여불공평적경쟁배경엄중억제금융업경쟁，금융감관외부배경극대개선；이시감관궤구배부적다중목표간존재충돌，감관실천중난이동시겸고；삼시감관궤구운작독립성불강、자원엄중불족、문책궤제박약，치리광가수완선；사시행정공제도향적현유분업감관결구일익난이괄응금융혼업경영신속발전적현실，중복감관여감관공백병존，결핍정식적굉관심신광가，감관합작불규범，신식공향안배불완선：오시류금융조직발전신속，여정규금융체계적련계일익밀절，대구역성금융은정적영향축보현현，단기감관존재공백，차각지감관표준불통일。
Financial regulatory policy, monetary policy and fiscal policy are the three strategic tools of government in economy management. Without effective financial regulatory, we are unable to manage various risks and challenges in China＇ s economic transformation successfully. The major factors effec- ted China＇ s financial supervision efficiency currently are as the followings： the first is that there is widespread recessive guarantee in financial system, and barriers to entry and unfair competition envi- ronment seriously restrain the financial industry competition, and it is of great importance to improve the external environment of financial regulation. The second is that regulators burden the conflict be- tween multiple goals, and is difficult to do regulatory practice at the same time. The third is that regu- lators＇ operational independence is not very strong, and they are shortage of resources, and their ac- countability mechanism is weak and the governance framework should be perfect. The fourth is that the oriented structure of administrative control is increasingly difficuh to adapt to the rapid develop- ment of mixed management in financial reality, and there exist repeat regulation and regulatory gaps respectively, and they are lack of formal macro-prudential framework, regulatory cooperation norm, and more perfect information sharing arrangement. The Fifth is that a kind of financial organization is developing rapidly and is increasingly involved with the formal financial system, and the impact of it on the regional financial stability appeared gradually, hut its regulation are blank and are lack of local regulatory standards.