金融衍生品市场失灵是政府监管当局干预衍生品市场的根本依据,但政府对金融衍生品市场的监管也未必是万能的,同样面临着失灵的风险。本文首先分析了一下金融衍生品监管失灵的几种常见表现,然后就治理金融衍生品市场失灵和政府衍生监管失灵做了些思考。 The failure of the financial derivatives market is the fundamental basis for the government supervisory authorities to intervene in the derivatives market. However, the government supervision of the financial derivatives market may not necessarily be omnipotent, and it is also at risk of failure. This article first analyzes several common manifestations of the failure of financial derivatives supervision and then makes some reflections on the management of the failure of financial derivatives markets and the failure of government-derived supervision.