Study On Effectiveness Of Banking Supervision In China

In recent years, the international financial crisis breaking out of our country's financial markets have a profound impact on China's banking supervision at continuous improvement of its existence at the same time also showed that exposed the problem, one of the quality of banking supervision and lack of efficiency is an important issue . How should the banking supervision? How to achieve the standardization of banking supervision? Banking supervision where appropriate boundaries? How to build a reasonable regulatory framework? How to improve the effectiveness of banking supervision? The sustainable development of financial markets can not improve the effectiveness of financial supervision, improve the effectiveness of supervision, allocation of resources to improve the role of financial markets around the world has always been an important legislative goal pursuit. The other hand with the economic liberalization and globalization, as the market for the banking sector efficiency and competitiveness concerns, in recent years to prevent the voice of over-regulation has been increased. It is true that effective regulation has become the focus of attention problem.From an economic point of view, study the effectiveness of banking supervision is the essence of banking supervision to discuss the benefits and costs, which is examining how to most economic, most effective way to achieve the objectives of banking supervision. Specifically, the main concern about the effectiveness of banking supervision three aspects, the first is how to effectively achieve the objectives of macro-regulation, and that was how the banking system to safeguard the security and stability; the second is how to achieve effective regulation of the micro - goal, mainly referring to how to maintain the efficiency of the banking market and competition; the third is in the pursuit of these goals in the process of monitoring the efficiency and cost constraints.In this paper, innovation is possible in the general theory of banking supervision, based on the definition of banking supervision to re-define, from the search costs, bargaining costs, enforcement costs and other costs of the cost of several classification of banks by the cost -- benefit analysis and cost-effectiveness analysis in order to effectively monitor the internal mechanism of supervision of banks based on the framework of macro-and micro-cost of constructing bound of the effectiveness of banking supervision are discussed. The general idea of this article are the effectiveness of banking supervision through the analysis, in accordance with previous scholars on the supervision of the advanced model of the introduction and summary of the actual situation of our country, our country made to improve the effectiveness of the recommendations of banking supervision.The full text is divided into five parts:Preface to the first part. This part from the status quo of China's financial supervision, the trigger on this paper, consider the proposition of this paper, the area covered by the opinion and want to use at home and abroad to carry out the literature review, which clearly put forward the opinion of this article, research methods and the general idea.The second part is the basic principles of banking supervision. This part of the first carried out on an overview of banking supervision, banking supervision, through the definition of definition, and the goal of banking supervision, system, it means of introduction outlined so that readers of the Banking Supervision know there is a general. From the banking special object, the impact of severe asymmetric information, externalities, and operation of high-risk aspects of the specificity of the banks have been further elaborated in order to put forward the need to regulate banks and the need to improve the effectiveness of supervision.Part III is divided into analysis of the effectiveness of banking supervision, which is the main part of this paper is the core of the. First on the meaning of effective banking supervision and internal analysis of the mechanism, pointing out that effective banking supervision for the content of the basic elements: specific regulatory objectives, the regulatory norms of behavior, a comprehensive regulatory content, advanced forms of regulation, effective regulatory measures and the real regulatory information, the elements of the composition of the respective sub-subsystem level, a high degree of correlation between them and synergy. Pointed out that an effective system of banking supervision should be dynamic, and it must be a country to fully reflect the reality of the financial industry and a country's financial system in line. Not only from the financial resources and external forces to consider the perspective of intervention and effective financial regulatory strategy, but also pay more attention from financial institutions, within the financial system in terms of incentive compatibility and system of financial institutions to explore proactive and consciously guard against and defuse financial risks of financial supervision institutional arrangements. Secondly, the banking regulatory costs and benefits analysis of the cost - benefit analysis and cost-effectiveness analysis, to draw the regulatory objectives in determining the premise, does not affect the regulatory effect of simultaneously monitoring should try to avoid waste of resources, improve bank regulatory efficiency in order to minimize the cost of access to the best of the social benefits to society and rational allocation of resources, the realization of the system to maximize efficiency. Finally, based on the above analysis on Banking Supervision, set up an effective regulatory framework for the five elements put forward to re-examine the relationship between banking supervision, reduce costs, increase revenue, appropriate regulatory grasp.Part IV is divided into the system of international banking supervision and inspiration. Introduce this part of Germany, the United Kingdom, Japan, the United States and some major developed countries of the Basel Committee on Banking Supervision model, summed up six points from the revelations made to our country and believe that the international advisory committee with the China Banking Regulatory Commission the normal operation of from our country must draw on international financial supervision and beneficial experience, explore and set up the field to adapt to China's financial regulatory system live.The fifth part is our country to improve the effectiveness of banking supervision proposals. This part of our country to point out that the effectiveness of banking supervision at problems in our country specifically pointed out that the effectiveness of banking supervision by the internal and external environmental constraints of a larger regulation of market access is not enough scientific norms, The old idea of banking supervision, banking supervision is not enough scientific and standardized instruments, banks need to integrate the monitoring system, the authority of the regulator is not strong, it is difficult to ensure fairness and efficiency monitoring. Secondly, after the problem to improve the effectiveness of banking supervision in China's proposal, recommending major changes in China's banking supervision from the work of philosophy; China's banking supervision should be re-explored and highly efficient system of banking supervision, control the cost of banking supervision; China's banking supervision to enhance the means of its regulatory and behavioral aspects of the effectiveness of the three. Pointed out that China in the first aspect of the regulatory objectives of banking supervision is at the same time great importance to the safety and effectiveness of both, to market-oriented regulation, supplemented by regulations, regulatory rules and regulations in order to achieve the unity of principle. Pointed out in the second to establish the integrity of the structure, the level of a clear system of laws and regulations, the establishment of an effective organizational structure of banking supervision and coordination mechanism, the establishment of the cost - benefit analysis system, and focus on cost control monitoring. The third area that the regulatory agencies to strengthen corporate governance and improve the effectiveness of specific regulatory tools.Trust in the Chinese banking reform and opening up a new situation, such as Bank of China to set up supervision and gradually improve the banking supervision framework and its implementation mechanisms, can improve the effectiveness of banking supervision to a new level.