Study Of Commercial Bank Personal Finance Product Information Disclosure System

With the development of chinese economy, the number of commercial banks'personal finance products released has been setting up a new line. However, due to the lack of the system, there is also a significant risk of commercial banks'personal financial products, in particular, the information disclosure system of the commercial banks'financial products is inadequate ,as result that disputes between customers and banks occurred frequently. To establish and perfec the information disclosure system of the commercial banks, is not only in favour of protecting the financial product investors'interest, but also conducive to establish an open and transparent financial market, it is good for increasing chinese financial market's vitality of innovations. This article provides an analysis of defects what existent in chinese commercial banks'personal financial information disclosure system , through comparising related systems of the United States ,the United Kingdom, the European Union and other countries and regions, made a system concept for establishing and perfecting the commercial banks'personal financial information disclosure system.This article divided into six chapters, the first chapter analysed the fundamental questions of commercial banks'personal financial business. This chapter includes the basic concepts of commercial banks'personal financial business, the development history and present situation of the personal financing business in China, the legal nature of the commercial banks'personal financial management and the special nature of the commercial banks as a personal finance product offering subject. According to the different categories of commercial banks'personal financial products,I distinguished their legal nature, breaked the traditional concepts of generalizing the financial products'legal nature . This chapter also compared the commercial banks'personal financial business with financing business which produced by the other financial institutions, analysed the uniqueness of commercial banks as a personal finance products'offering subject.The second chapter defined and analysed the commercial banks'personal financial information disclosure. This chapter talked from the origin of information disclosure, analyzed what is commercial banks's personal financial information disclosure in China, and cleared the scope of this article by comparising with the similar systems. Commercial banks'personal financial products information disclosure system is differ from the commercial banks'information disclosure, and is more different from the listed companies'information disclosure and the guarantor's obligation of explanation, commercial banks'personal financial products information disclosure system should include the inform obligation when selling the commercial banks'financial products.The third chapter analysed the basis of commercial banks'personal financial information disclosure system. This chapter analysed the theoretical basis of establishing commercial banks'personal financial information disclosure system from the economic and legal levels. Colliqated the economics and jurisprudence analysis methods, provided the theoretical basis for the system.The fourth chapter discussed the necessity of establishing commercial banks'personal financial information disclosure system. From the high risk of commercial banks'personal financial and imperfections of the existing system, from two levels of the product itself and normative systems,this chapter analysed the necessity and urgency of establishing and perfecting the commercial banks'personal financial information disclosure system .The fifth chapter compared and drow the lessons from the related system .By compared with the United States, the United Kingdom, European Union's financial product information disclosure system, hackled and commented on the existing related systems of commercial banks'personal financial information disclosure system, provided some ideas of building the commercial banks'personal financial information disclosure system which suited to China.The sixth chapter discussed how to build the commercial banks'personal financial information disclosure system in China. This chapter first put forward the basic principles of information disclosure, that is true, accurate, timely and sufficient. On the basis of establishing the principle, put forward the system advice for issues appeared in the current commercial banks'personal financial business in China relating to the information disclosure system. From the two angles of system construction and supervision system, this chapter first cleared it need to perfect the commercial banks'personal financial legal system, and clearly ruled the scope of disclosure, the disclosure requirements and the disclosure mode of the commercial banks'personal financial information. Second, proposed to reform the financial system in China, uniform the financial products'standards of financial supervision. Third, recommended that establish third-party monitoring mechanism in addition to the regulators institution, to safeguard the function of commercial banks'personal financial information disclosure system. Finally, in view of the personal finance complaints handling mechanism is very important for protecting investors'interests, this chapter also discussed on strengthening the establishment and perfection of banks'personal financial complaints handling mechanism.