The Basic Principles Of EU Banking Law

EU has been one of the most important partners of our China in international business. With the development of trade, the relationship between China and EU is getting closer and closer. And now, we are facing the reality that we shall open our domestic market and meet the challenges and impact brought by the foreign banks. It is of great importance for us to learn something from the basic principles of EU banking law .EU is a regional economic organization with the highest level of integration in the world, the bank services not only refer to the application of laws of different countries but the distribution of judicial jurisdiction, which is the main legal obstacle in the process of integration of the banking services of EU.The basic principles of EU banking law are formed and developed along with the efforts made in the removal of these obstacles. The mutual recognition principle basing on the minimum harmonization, the principle of single banking license supported by the home country control and reciprocal treatment principle are interrelated and mutually causal, they have a specific meaning, background, objectives and value. These principles, under which the EU banking law has been developed and improved not only give guidelines to EU but to the integration of banking services of regional economy, and even the globalization of finance.A preliminary analysis of the basic principles of EU banking law together with their contents, mutual relationship and value are made in this discourse on the basis of the domestic and foreign scholar's studies.