商业银行自己设立基金公司运作基金,就会出现这样一个问题:银行要构建自己的投资组合盈利,同时又知道托管基金的投资组合,这样银行难免会利用这样绝密的信息来为自己投资提供便利,从而损害托管基金投资者的利益。即便银行做到了建立所谓的“防火墙”,把人员、办公地点和资产的管理——分开,但在利益的巨大诱惑下,发生道德风险的概率还是很大的。 Commercial banks set up their own fund company operating funds, there will be such a problem: banks want to build their own portfolio earnings, but also know that the portfolio of managed funds, so banks will inevitably use such top-secret information to facilitate their investment, Thus undermining the interests of custodial fund investors. Even if banks do their part to create so-called “firewalls” that separate the management of people, locations, and assets, the odds of moral hazard are enormous even under the tremendous temptation of profit.