Risk And Responsibility: The Crisis Behind The Legal Responsibility Of Executives Of Financial Institutions

Executives of financial institutions hold the power business of the organization, but also dominate a huge corporate asset. Which determines the dispersion of equity executives of financial institutions have greater control over the enterprise. Analysis of the financial crisis, the deep reason, the real economy under the legal form patterns in the virtual economy is no longer applicable, executives of financial institutions legally binding in the absence of an effective case, ignore the business risk, greed and the desire to contribute to the risk of breeding and proliferation. Improve the legal responsibility of executives of financial institutions to maintain financial market stability for the development of great significance. China's national conditions will determine our experience at the conclusion of the financial crisis, we must make their own choices.Reference and Reflection on the financial crisis, financial institutions in risk prevention, assessment and prevention in the gaps, overcoming the financial institutions in the operation course, the risk of moral hazard and systems, review and analysis by existing law, of financial executives in Absence of crisis responsibility and our current legal system of the association, to find a legal construct a more perfect system of market economy and the way responsibility. Through regulated financial executive pay system, establish financial accountability for executives, executives of financial institutions and personal development associated with the development of enterprises, improve the cost of non-compliance executives of financial institutions, to promote its commitment to the business of credit obligation. Construction of the responsibility system for executives of financial institutions, regulatory systems and market risks, to achieve for consumers, creditors, employee benefits, the interests of small competitors, environmental interests and the protection of the public interest. Sound financial institutions, the accountability of executives to ensure that access to information for investors, and corporate financial transparency, can effectively supervise the formation of power, and ways to broaden the accountability to achieve public and private rights of common rights and remedies, to more effectively protection of investors, executives of the management behavior norms, and systems to prevent the risk of moral hazard.