The Research On Coordination Mechanism Of Financial Supervision In China

With the occurrence and the spread of the U.S. subprime mortgage crises, the financial regulation has become a concerning problem once again. View from the history of the world financial crisis, financial regulation theory or practice changes in financial regulation are often followed by financial crises. After the U.S. subprime mortgage crises, China's financial sector regulator issues have been more theoretical attention. With the gradual deepening reforms of Chinese market-oriented financial system and the opening of Chinese market after China's WTO entry, mixed operation trend is increasing. There has been across between banking, securities and insurance.Cross-cutting areas weakened the effectiveness of separate supervision. One of the most important reasons is that inadequate coordination mechanism of China's financial supervision, resulting in cross-regulation,duplication supervision and regulatory gaps. Thereby reduce the efficiency of the supervision,even regulatory failure,making the implicit sub-sector regulators become Increasingly prominent problem. Based on this,this article attempts to summarize the results of previous studies and establish a sound financial regulatory coordination mechanisms to improve the effectiveness of financial supervision.The basic content of the article is as follows:(1)Briefly introduce the definition of financial supervision coordination mechanism, and analysis the theoretical basis of coordination mechanisms of financial regulation proposed, including Systematics theory, Synergetics theory and the Institutional Economics theory. Try to use these theories to explain the necessity and the feasibility of the financial regulatory coordination mechanism. Analysis the necessary of the establishment of China's financial regulatory coordination mechanisms, what further demonstrates the practical significance of this article. (2) The Part of the article introduced our Coordination Mechanism of Financial Supervision from four aspects- the basic frame work of coordination, coordination mechanisms, the collection and sharing of information and checking functions. Then we make an analysis in the defects of our Financial Regulation Coordination Mechanisms.(3) The forth part discussed the developed countries Coordination Mechanisms of Financial Regulation, and find out the supplied experience in China's Financial Regulation Coordination Mechanisms.(4) Attempt to give some suggestions and comments for the establishment China's Financial Regulation Coordination Mechanisms. This part includes the regulatory frame work for coordination mechanism, the content of the coordination mechanism, and the protection mechanism for the financial regulation coordination mechanisms.