The Adjustment Of Economical Law To The Amalgamation Operation Between Commercial Banks And Securities Firms

This text mainly study the issue of financial innovation of the amalgamation operation between commercial banks and securities firms with the method of economical law, totally is divided into three parts.The first part introduces the general idea of the amalgamation operation between commercial banks and securities firms. The amalgamation operation between commercial banks and securities firms is operation business with the mixture character of commercial banks and securities firms that the commercial banks or securities firms will provide. It is appears that the evolution between the amalgamation operation and separateness has experienced two times. In the fulfillment of the amalgamation operation between commercial banks and securities firms, there are two kinds of forms, one is bank holding company, the other is the form offering the crossing products of securities firms and commercial banks. The writer think that the bank holding company which emphasize to establish the firewall system is lack of the vivid function to encourage the amalgamation operation while the latter form embodied. But for the aspect of how to set up weight between getting around the risk and positively expanding the amalgamation operation, these two kinds of modes provide usable copies for commercial banks on how to choose the financial development of the amalgamation operation. According to the statistic data of international commercial banks and that of Chinese commercial banks, the article analyzes the international situation of the amalgamation operation and the local latent trend of it in China. Taking the form which offer the crossing products of securities firms and commercial banks as supposing premise, the writer further analyses the way how to operate the amalgamation operation between commercial banks and securities firms. Whether the obligatory right property of commercial banks changing into securities, commercial banks engaging into the process of securities discount, circulation and endorsement, or commercial banks take on the services of securities underwriting and funding entailment, commercial banks offer diversified financial services to customers, all these services and products prove that using the current advantages the commercial banks can offer financial products and services with characteristics of securities firms.The second part of this thesis studies the new subjects that the amalgamation operation between commercial banks and securities firms bring to financial market, financial policy and financial legislation. Because the amalgamation operation will mist the traditional define of the monetary market with the capital market, so it make the old policy tools of the monetary market and the capital market which regulating the financial market respectively lead the result of pulling one hair but move the whole body, or present the unpredictable time detain under the influence of the amalgamation operation. As what has mentioned above, the macroscopic regulation that the evidence of financial policy also faces the impact from the financial innovation. The macroscopic regulation is a kind of government function in the administration of social economy and social order. Accompany with the flourish and development of society, macroscopic regulation can mostly generalize to financial policy, industry policy and aspect of economic and fair policy. Macroscopic regulation of government and development of commercial banks financial business are something to share good and bad luck. In order to realize continuous and healthy development of finance, the concerning lawmaking organizations have already paid attention to enact and carry out persistent, stable macroscopic regulation policy through insurance of law, the most outstanding one of them is financial legislation that is confirmed by economical law, the financial legislation whose core is to adjust the relationship of finance has already become the rule and standard of financial development. While the amalgamation operation between commercial banks and securitie...