Analyses On Legal Supervision Of The Present Condition And Development Of Internet Bank

Network bank is the new service method in the field of electronic commercial affairs now. It is defined as a bank which is used to provide service and information for its products and clients by internet .It establish the virtual counter of bank to provide effective and convenient service instead of traditional mode of service .It covers all the vocational work of bank. Security First Network Bank was established in Oct.18, 1995 in U.S.A. .It is the first network bank in the world .It had more than 10,000 accounts during the last two years .Its remains got to more than four billion . Electronic signature has the same legal force with the signature by hand .It produces revolutionary changes in the financial field .As a result, bank can provide twenty-four hours service for the clients without any new investment People working in our country's banks and administrative departments have realized the priority of network banks as well. They have caught up with the world's trend of providing network financial service and constructive things. In Feb. 1996 about half a year after the foundation of "the safest network bank ", China Bank took initiative to found branches in internet to disseminate the information of financial service and done successfully the first electronic exchange in our country. after that ,other banks began to touch the internet . It's reported by the officials Industrial and Commercial Bank have provided the service of bank in thirty-one countries throughout the country, and the service applied to organizations and the payment system applied to individuals will be offered later. Other national banks and commercial banks are developing the service of network banks applied to companies and individuals at a faster speed. It's announced that the population of clients of network banks in our country raised from 900000 in the later half of the year 2000 to 2500000 at the year of 2002. We can say that the network banks represent the trend of the future financial development. They provide a faster and more convenient service than before, break the restraint of time and space of traditional banks, reinforce the individualism of financial products and follow the world's trend of financial freedom and open policy. Network trade belongs to the paperless trade. The electronic data take the place of paper trade. There must be corresponding law and regulation to guarantee and bind them. While the law and regulation in China can not follow the development of it .It is not sufficient for guaranteeing the right of clients, supervising business of commercial bank and crime network bank etc. Law ensures the supervision, only law can standardize the business trade in the network bank, therefore, the criminals who tend to wash the illegal through network will hesitate. Hence, integrated and valid supervision is necessary. Through the law, we can standardize the behavior of network bank, the supervision of which also gets the necessary and special value. This paper can be separated into four parts: The first part mainly expatiates on the concept, feature, running manner, developing prospect, and condition of network bank, it also explains the risks and disadvantages of network bank, at last, this article analysis the value of law supervision of it. The second part mainly explains the international practical experience of law supervision of network bank, it enumerates many related legislative activities about international law supervision. The third part analyses the deficiency of law supervision of network bank in China. Mainly include: the goal of supervision lack of the maintenance of client's benefits; the system of structural supervision lead to the vacuum of network bank's supervision; exterior supervision effect the efficiency of network's supervision; market enter-admitted supervision exist disadvantages; the network bank's supervision law system doesn't perfect. The fourth part advances the blueprint of law supervision of network bank ie, the analysis of it should be considered from following aspects:...