Study On Globalization Of Financial Regulation And Supervision

Financial globalization is the inevitable result of international capital movement, and it also has an important role in economic globalization. Now, financial regulation and supervision has become a worldwide topic. In today's world, an effective financial regulation and supervision in a single country is not sufficient to stop financial risk from spreading all over the world. Financial globalization generally requires the globalization of financial regulation and supervision.International financial supervision organizations, such as Basel Committee, have made great achievements in international financial regulation and supervision cooperation. But in the face of many new developments in the financial industry, the road ahead for the financial supervision globalization may not be so smooth all the time.This paper will elaborate on the necessity, embodiments, and difficulties of financial regulation and supervision globalization. In addition, China's own choice in such a background was also discussed.