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场外衍生品具有双边性、不透明等特征导致市场信息不对称突出。次贷危机后,通过建立交易报告库规范信息报告、提高市场透明度,已成为全球场外衍生品市场监管发展趋势之一。目前,欧美发达市场已经以金融标准化为基础、信息报告、汇总与公开制度为标准、交易报告库为设施,发展出一套较为成熟的信息报告制度体系。根据金融十二五规划,我国场外衍生品市场将获得更充分发展,也对监管机构评估、监控风险提出更高要求。现阶段的金融标准化程度与交易备案制度中仍存在一些缺陷,应参考借鉴国际经验进一步更新和完善相关信息报告制度。
Off-exchange derivatives with bilateral, opaque and other characteristics led to prominent asymmetric market information. Subprime mortgage crisis, through the establishment of transaction reporting standard information report to improve market transparency, has become the global oversea derivatives market regulatory trends. At present, the developed markets in Europe and the United States have developed a set of relatively mature information reporting system based on financial standardization, information reporting, aggregation and disclosure as standards, and transaction reporting libraries as facilities. According to the 12th Five-Year Plan for Finance, China's over-the-counter derivatives market will be more fully developed, and higher demands will also be placed on regulatory agencies to assess and monitor their risks. There are still some shortcomings in the current financial standardization and transaction filing system. Reference should be made to learn from international experience to further update and improve the relevant information reporting system.