金融自律组织替代性纠纷解决机制的构建与完善  

Improving Alternative Dispute Resolution Mechanisms of Financial Self-Regulatory Organizations

作　　者：刘欣东 方军伟 LIU Xindong;FANG Junwei(Post Supervisory Center,NAFMII)

机构地区：[1]中国银行间市场交易商协会后督中心

出　　处：《金融市场研究》2025年第4期1-15,共15页Financial Market Research

摘　　要：金融自律组织作为金融市场的重要组成部分,由其推行替代性纠纷解决机制(ADR)在缓解司法压力、提高纠纷化解效率方面具有显著优势。成熟金融市场通常以差异化ADR安排应对不同类型的纠纷,并通过上位制度授权强化金融自律组织ADR的正当性依据。更为重要的是,金融自律组织ADR反映出金融自律管理与替代性纠纷解决存在明显的双向互动现象。进一步考察理论,金融自律组织ADR面临的公权不可处分和利益冲突问题都不足以成为金融自律组织实施ADR的限制性因素。目前国内金融自律组织的ADR机制主要应用于调解领域,尚未与自律管理职责充分结合。按照金融自律管理与替代性纠纷解决功能耦合与制度融合的进路,长期或可从优化调解机制、构建自律和解制度、研究探索仲裁机制三条路径上加以探索。As an important part of the financiai market,financial self-regulatory organizations(SROs),by which alternative dispute resolution(ADR)mechanisms are employed,have significant advantages in alleviating judicial pressure and improving the eficiency of dispute resolution.Mature financial markets usually respond to different types of disputes with differentiated ADR arrangements and strengthen the justification for ADR by financial selfregulatory organizations through the authorization of the superior system.More importantly,financial self-regulatory organization ADR reflects the obvious two-way interaction between financial self-regulation and alternative dispute resolution.Examining the theory further,neither the non-disposability of public rights nor the conflict of interest problems faced by ADR of financial SROs are sufficient to become the limiting factors for the implementation of ADR by financial SROs.At present,the ADR mechanism of domestic financial SROs is mainly applied in the field of mediation and has not yet been fully integrated with self-regulatory responsibilities.According to the progress of the functional coupling and institutional integration of financial self-regulatory management and ADR,in the long run,it may be possible to optimize the mediation mechanism,build a self-regulatory conciliation system,and study and explore the arbitration mechanism in three paths.

关 键 词：自律管理 替代性纠纷解决 金融自律组织 

分 类 号：D922.291[政治法律—经济法学]