各国证券监管机构出现了朝向独立机构发展的共同趋势。历史经验证明,独立监管机构超脱于市场和政治,实行专家治市、独立决策,有利于保持监管政策的连续性和稳定性,提高监管的有效性。保持监管机构的独立性,应有人事、经费和授权3个方面的保障,同时也要建立相应的监督和问责机制。 Securities regulators in various countries have witnessed a common trend towards the development of independent institutions. Historical experience proves that independent regulatory agencies are detached from the market and politics and that experts and municipalities make independent decisions so as to maintain the continuity and stability of regulatory policies and enhance the effectiveness of supervision. To maintain the independence of the regulatory body, there should be three aspects of personnel, funding and authorization protection, but also to establish the appropriate monitoring and accountability mechanisms.