美国在资产证券化方面的经验与教训,为现在更稳健地利用资产证券化提供了审慎的思考空间。新时期的信贷资产证券化在政策和法律层面有了新需求,也对监管者和银行机构提出了新要求随着金融管制的放宽以及全球化金融市场的竞争日趋激烈,金融机构在资本市场的角色日益多元化,巳经从简单赚取佣金的时代,进入了自行创造财富的年代。针对缺乏流动性的资产及其现金流,各金融机构纷纷主动设计、衍 The experience and lessons learned by the United States in asset securitization provide a cautious space for thinking about making more use of asset securitization now. The credit asset securitization in the new period has new demand at the policy and legal levels and also sets new demands on regulators and banking institutions. With the relaxation of financial control and the increasingly fierce competition in the globalized financial markets, the financial institutions’ The growing diversity of roles has come into the era of creating wealth by itself, from the era of simple commission. For the lack of liquid assets and cash flow, the financial institutions have taken the initiative to design, Yan