加密货币和金融稳定的自适应监管

在欧洲银行管理局和欧洲中央银行最近组织的一次国际会议上，代理货币监理署

At a recent international conference, the Acting Comptroller of the Currency in the United States addressed the evolving challenges in bank supervision. He explained that the growing concern in traditional banks engaging with non-bank actors such as fintech companies leads to emerging supervisory issues.

在最近的一次国际会议上，美国代理货币审计长讨论了银行监管中不断变化的挑战。他解释说，传统银行越来越担心与金融科技公司等非银行参与者的合作，导致了新出现的监管问题。

Fluctuations in phenomena such as the cryptocurrency market, the banks’ role in the growth and subsequent decline of private credit, and the recent bankruptcy of fintech middleware firm Synapse have raised numerous questions about actors and risks in Bank and non-bank systems. He noted that these problems point to the importance of ensuring that rules and regulations for governing and mitigating risks evolve to counter the risks associated with information change and, particularly, financial technology.

加密货币市场、银行在私人信贷增长和随后下降中的作用以及金融科技中间件公司 Synapse 最近的破产等现象的波动，引发了许多关于银行和非银行系统的参与者和风险的问题。他指出，这些问题表明，必须确保管理和缓解风险的规则和法规不断发展，以应对与信息变化（尤其是金融技术）相关的风险。

As part of current supervisory practice, Hsu offered an example of the recent volatility in the cryptocurrency market. By the end of 2022, the decline of cryptocurrency market lost $2 trillion in value and many platform failures did not largely affect the banking system. According to Hsu, this stability was not due to luck but to proper supervision of the activities about cryptocurrencies to guarantee the safety and sustainability of the banking related activities.

作为当前监管实践的一部分，Hsu 举了一个近期加密货币市场波动的例子。到2022年底，加密货币市场的下滑损失了2万亿美元的价值，许多平台故障并没有对银行系统产生很大影响。 Hsu表示，这种稳定性不是运气，而是对加密货币活动的适当监管，以保证银行相关活动的安全性和可持续性。

He stated that this supervision approach is effective in keeping things stable even if there are many changes and financial shocks occur. Hsu highlighted the benefits of the risk-based supervisory approach as adaptable and cautious while the financial industry becomes more closely connected with innovative technologies and digital assets.

他表示，即使发生很多变化和金融冲击，这种监管方式也能有效保持稳定。许强调，当金融业与创新技术和数字资产的联系更加紧密时，基于风险的监管方法的好处是适应性强和谨慎。

The discussion also confirmed that there is always a need for ongoing changes in the regulation of the increasing complexities and risks that arise due to the ever-changing nature of the financial landscape so that financial supervision remains effective in meeting the challenges posed by this dynamic environment.

讨论还确认，由于金融格局不断变化，监管日益复杂，风险不断增加，因此始终需要对监管进行持续变革，以便金融监管能够有效应对这一动态环境带来的挑战。 。