The Comparative Study On Mixing Operation Regulatory Mode

When taking a survey of financial regulatory in 21st century, I found that financial regulatory has been developing with the development of financial system. It has been affected in all aspects by the business divisions in financial institutions. The thesis has concluded the main models of financial regulatory in the world, covering the evolutions of financial system, structures, functions and characteristics of financial regulatory in four countries, namely America, Britain, Germany and Japan. In the research, I found that the financial regulatory structures chosen by the four countries have maintained a close relationship between the financial mixing operation levels of the countries. If one country has limited mixing operation, the government will adopt separating operation regulatory model, basing on the effect of"Route Dependency"in the System Economy. With freedom developing in financial business, the government will choose an intermediate regulatory model, ensuring to realize effective control on both mixing operation and separating operation. When mixing operation substitutes separating operation, and become the leading operation model, mixing operation regulatory model will become the best-choice of the government.In the background of mixing operation becoming popular in the international finance, the thesis has studied mixing operation regulatory model. It has compared the evolutions of financial system, mixing operation, financial regulatory of four typical modern economic markets in America, Britain, Germany, and Japan. It aims at analyzing the management, risk, and system of mixing operation, and exploring the important questions of mixing operation and its regulatory. By examining the possible risks in the system and market after china practices mixing operation, and consulting the four countries'financial regulatory models, and the actual situation in their financial markets, the thesis explores the possible regulatory model to manage mixing operation for the financial institutions. I hope the thesis will provide help for exploring the suitable model of financial regulatory for China.At the end of the thesis, it argues for reducing financial risks by establishing rational regulatory system. It suggests establishing an independent institution, National Regulatory Committee of Finance, on the basis of the regulatory effectiveness, and maintaining original structure of regulatory.