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A Comment On How To Improve China's Financial Supervision Legal System

Posted on:2011-05-07Degree:MasterType:Thesis
Country:ChinaCandidate:D WuFull Text:PDF
GTID:2166360308490460Subject:Economic Law
Abstract/Summary:PDF Full Text Request
The improvement of the financial supervision legal system is of great importance for the stability of financial system and the economic development. The outbreak of U.S. financial crisis in 2008 has profoundly influenced the economy of America and the world. Since then, each State began to rethink and exam their own financial supervision legal systems.Lack of a sound financial supervision legal system as a guarantee, the fundamental legal reason which leads to the financial crisis is the method of easing financial supervision taken to improve the financial development. It should be believed that the strengthening of the financial supervision is vital for the financial stability which also could promote the economic development. To begin, this paper will review the difficulties faced by our legal system in resolving the financial crisis briefly. Then it will provide an in-depth analysis of the framework of our financial supervision legal system to address the challenges and impact caused by the financial crisis. As a conclusion, the paper point out that an open but protective spectacle should be established, the changes of the role of the regulator should be achieved and the functional supervision system which is based on the separate supervision system should be strengthened. It also tries to explore to address the financial crisis by improving the financial supervision system, financial sector risk indicators monitoring system, legal system for disclosure, foreign exchange system, and anti-money laundering system in China.
Keywords/Search Tags:Financial Crisis, Financial Supervision, Legal system
PDF Full Text Request
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