Research On Global Financial Regulate Consideration And Mode After The Sub-prime Mortgage Crisis

After the outbreak of the sub-prime mortgage crisis in2007，there are a largenumber of studies at home and abroad on the formation of the sub-prime mortgage crisisand the degree of influence of it. Vast majority of countries suffered losses in varying ofdegree in the sub-prime mortgage crisis，and those suffered the most were the majordeveloped countries and international financial organizations. Thereafter research onglobal financial regulatory changes are naturally mainly concentrated in these countriesand organizations， they summarized and further thinking on financial regulationproblems in the original financial regulatory framework exposed in the sub-primemortgage crisis，and conducted a series of reforms such as establishing macro-prudentialregulatory framework and adjusting the structure of financial supervision. China alsosuffered a certain degree of influence in the sub-prime mortgage crisis and somesubordinated bonds invested by some domestic banks brought a corresponding loss，butthese effects were limited，partial，controllable，and microcosmic; not the overall，systematic，and comprehensive.In recent years，China’s financial supervisory authoritiesand financial circles systematically studies on the sub-prime mortgage crisis，choose tolearn foreign research and evaluated the domestic response measures，these actions makeChina take crises into opportunities，change from passive to active.This article istherefore based on above perspective，mainly concern with the route of financialregulatory reform，as well as the global financial regulatory changes in the sub-primemortgage crisis situation.As a general discussion and review of the thesis，the first section is the review of theoutbreak，the evolution and the present situation of the sub-prime mortgage crisis. In thissection，the author analyzes the cause of formation of the sub-prime mortgage crisis，focusing on the point of view of the lack of financial supervision.Therefore，this paper systematically expounded the financial regulatory changesreformed by the major developed countries and international financial organizations afterthe sub-prime mortgage crisis.The author specifically summarizes the financialregulatory system reforms of the United States， Britain and other countries and international financial organizations and makes a reasonable interpretation of thesechanges in the regulatory landscape，to explore a new model for the global economic andfinancial sustainable and healthy development and generally acceptable financialregulatory standards. The author also makes an analysis according to the characteristicsof the financial regulatory reform.Based on the first two parts，the author focuses on the analysis of the impact of thefinancial regulatory reform to the whole world taken by major developed countries andinternational financial organizations and based on the review of the financial crisis andfinancial supervision theories， discusses the historical changes on the financialsupervision and regulation brought about by major financial crisis.The forth section is about the practice of China. The author analyzes China’sfinancial regulatory reform history，current situation，existing problems，and changes onfinancial regulation after the sub-prime mortgage crisis. He focuses on discuss how to setup construction of macro-prudential supervision in the current separate supervision modeof Banking，securities and insurance，and how to play good functions of the central bankand three Regulatory Commissions to adapt to the new supervision mode. On this basis，he puts forward to system strategies of China’s financial supervision for its furtherimprovement and development.