全球期货市场崛起下的银行衍生品业务发展方向

Development of Commercial Banks' Derivatives Operation under Thriving International Futures Market

中文关键词:  商业银行  OTC市场  中间业务  流动性

英文关键词:harmonious inter-regional relationship  regional disparity  fiscal policy

中文摘要:

      新世纪以来,国际场内衍生品市场蓬勃发展,期货品种不断推陈出新,成交量与日俱增。由于国际OTC金融衍生品市场透明度极低、流动性不足和监管缺失的痼疾随着次级债危机的爆发而愈发明显,使得越来越多的国际商业银行将中间业务中衍生品业务的重点,由OTC市场传向了透明度更高、流动性更强,监管更加有力的交易所交易的场内金融衍生品市场。

英文摘要:

      Since the beginning of new century, international futures & options market have been thriving, many new products have been traded and the volume has grown steadily. In the OTC market, the low transparency, low liquidity and the lack of supervision become worse along with the the subprime crisis. More and more commercial banks focus on derivatives operation and participate in futures & options transactions, which are carried out in the bourse with more transparency, more liquidity and more powerful supervision.