Study Of The East Asian Financial Regulatory Evolution

Financial security is important to the national economy overall situation, but financial supervising is the essential method to maintain the financial system healthy development. After World War II, the East Asian countries' economy swift and violent development benefits from the high efficiency financial system, but the foundation guaranteed the financial system healthy development is the financial supervising continuing to readjustment and the evolution.This article mains to introduce the financial supervising and the supervising system of East Asian, including Japan, South Korea, Singapore, China. I list the evolution process, summarize the general characteristic, and analyze the evolution tendency about the supervising system of the East Asian. The full text is composed by three parts.The first part introduces the financial supervising theory and the supervising system, pattern. According to the time, the financial supervising theory evolution was divided into four stages: The 20th century 30's before: financial supervising theory nature development, the 20th century 30-70 age: strict supervising and managing, safe first, the 20th century 70-90 age: finance liberalization, the efficiency first, the 1990s: the security and efficiency. According to behavior way allocation method, authority level decompose law, function and organization allocation method introducted the finance supervising and supervising pattern.The second part introduces the evolution process, the idea, the pattern, the scope and the content of the financial supervising theory and the supervising system, including Japanese, South Korean, Singapore and China, explores the native place characteristic, and. summarizes the basic characteristic about the financial supervising theory and the supervising system of the East Asian, including evolution way, supervising system, banking supervising, securities supervising and insurance supervising. The third part analyzes the evolution tendency about East Asian finance supervising and managing, since 1980s, America and England changing into the mixed finance supervising symbolized the mixed finance supervising to become trend of the global financial industry development.Under the effect of the mixes finance supervising tendency, the East Asian countries carry on the financial reform in abundance. There is the result that the cross occupational lines finance innovation product massive emergences and the tradition divide finance supervising receive the challenge. More and more, the divide finance supervising pattern is unable to adapt the financial innovation development tendency, cannot guard against effectively the financial risk between the different profession transmission. In view of this, the East Asian countries start to reform financial supervising.According to《The new Barthel agreement》, the new request which proposed to commercial bank supervising has the important influence to East Asian banking supervising.《The new Barthel agreement》has absorbed the international bank advanced risk management idea and the risk management technology in recent years, and request various countries further consummated capital sufficient , and provide the diverse capital management way for the different scale, the different strategic orientation bank.There always have the argument about whether implements mixes finance supervising system in East Asian country. With the market environment changing, Japanese, South Korean and Singapore already have implemented the mixes finance supervising, and established the unification supervising system, so the argument even become more intense. Although theoretically industry has not unified result with mixed or divided finally, the East Asian countries' government's policy and the market practice actually all turned towards the mixed finance supervising.East Asian countries (besides China) basic similar financial supervising pattern and evolution process to developing: A strict government supervising, divide supervising - - mixes supervising. Chinese finance supervising pattern evolution process: Strict government supervising - - divide supervising. Comparing the world finance to mix finance supervising tendency, the sychromesh between the financial supervising and managing organization becomes the basic guarantee to enhance the supervising and managing efficiency. Therefore, the best of the East Asian finance supervising pattern finally can be the mixes finance supervising.In brief, the finance supervising evolution way of the Western developed country inspects the East Asian countries'. So the result of The East Asian finance supervising pattern can be mixes industry supervising. China should size up the situation, and prepare to follow up.