觀點金融業

Financial regulation needs principles as well as rules
金融監管需要靈活


英國央行副行長塔克:金融是一個業務形態不斷變化的行業。複雜的監管規則難免存在漏洞,有可能反而給鑽空子的行爲披上合法外衣。

The agencies that regulate financial markets are master craftsmen of detailed rule books. For decades, they have seen this as their main job, and for good reason. Companies prefer clear rules. Legislators want to avoid handing discretionary powers to unelected regulatory agencies. And the public rightly wants to know the standards to which companies are being held.

負責監管金融市場的機構,可以說是制定詳盡規則手冊的大師。幾十年來,他們將此視爲自己的主要工作,而且理由充分:企業更喜歡清晰的規則;立法者希望避免將自由裁量權交給非經選舉產生的監管機構;而公衆理所當然地希望知道企業被要求遵守的標準是怎樣的。

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