Study Of Micro-credit Regulatory Legal System

Micro finance as a financial innovation of products and services, is an effective means of poverty alleviation and financial development, micro finance has been in the world, more and more countries have been accepted. In recent years, with the micro financein poverty alleviation, support the development of SMEs to address the important role of employment in an increasingly apparent, as well as micro financeinstitutions, diversification of funding sources and scale of the expansion of the regulatory issues related to micro financewas becoming increasingly visible water.As the micro financeand ordinary commercial banks have different risk characteristics, how micro financefor a correct legal position and to implement effective monitoring and supervision to become worthy of research problems. It is not only related to the supervision model innovation, but also involves the creation of regulatory law.This paper analyzes the use of law and economics approach, focusing on the use of empirical analysis methods, system analysis and comparative analysis of the regulatory status of China's micro finance analytical study found that, because my country's micro financeis no specific legal norms, the regulatory requirements in the form of policy issued over the lack of stability, systematic, leading to micro finance monitoring Offside and absence phenomenon seriously, the lack of regulatory response also makes micro finance institutions have emerged ownership and use rights vague, confused management structure and responsibilities and other defects is unknown.In this paper, drawing on the advanced experience of foreign countries on the basis of empirical data through reading and analysis of learning to understand that building a sound legal framework for the construction of micro finance help to prevent credit risks, and guide our micro finance stable, healthy and sustainable development . Construction of micro finance regulatory framework is a systematic project to perfect the legislation should be based on the functional regulation model, a guide to determine the main monitor design the appropriate tiered regulatory system, and the use of relevant supporting system for supporting the improvement of regulatory framework operation.