摘要
证券监管机构责任性治理是关于证券监管机构行使其权力时应遵循规则的制度,这些规则的制度建立了对监管机构的约束机制,使其能更好地在法定宗旨和目标下发挥对市场失灵的矫正功能。责任性治理机制的操作框架应该包括对立法机关、行政部门、司法机关和其他利益相关方四方面的责任机制。
Securities regulatory agencies are the entities which conduct supervision and regulation of securities markets to alleviate market failures. They intrinsically have the inclination of regulatory failures including overregula tion, interest confliction, regulation capture and asymmetric information, which requires governance mechanism of accountability. Governance of accountability comprises of the rules and the enforcement of regulatory powers. The goal of the governance is to make regulatory agencies get better performance and fulfill their tasks. The operational framework of accountability governance mechanism should include four pillars, ie. the accountability of the legislation, of the administrative departments, of the jurisdictions and of other relevant interest groups.
出处
《上海金融》
CSSCI
北大核心
2010年第3期49-52,共4页
Shanghai Finance
关键词
证券监管机构
责任性治理
理论基础
操作框架
Securities Regulatory Agencies
Governance of Accountability
Theoretical Foundation
Operational Framework
