Banking Supervision After The Separation Of Central Bank Independence,

In 2003 a significant step of the financial system reform was to establish Banking Supervision and Management Committee on April 28, although before being established quarrels were exceptionally intense, but the final result was that it still was founded, Wei Jianing said the most urgent most important problem was that we must further strengthen Central Bank Independence(CBI) after Banking Supervision and Management Committee was established when he answered reporters the questions.Central Bank Indenpendence is not a new question, since the 80's many domestic and foreign experts have conducted all kinds of research, but this article is to research the Central Bank independence under the new environment,and it is about how we can further strengthen the Central Bank Independence when we are facing that the banking supervision and management rise some questions after Central Bank separated the function of supervision and management.This article mainly includes three aspects .On the one hand ,the article outlines the central bank independence , elaborates that during the new time how we understand central bank independence, and reasons the central bank independence must be strengthened,and analyzes the degree of central bank independence in our country with the numeral and the practical evidences and functions and responsibilitis of each.Finally the conclusion is that the financial supervising and managing independence already became a new content of Central Bank Independence in the present situation, and its separation from the central bank conforms to the international finance development tendency. The seperation of the bank supervision and management is indeed able to make central bank independence to enhance, but central bank independence of our country discounts as a result of practice.The independence was still low and needs us diligently to strengthen,simultaneously we should be clear about respective responsibility of Central Bank and Banking Supervision and Management Committee, otherwise not only Central Bank Independence cannot be enhance, butalso Banking Supervision and Management Committee will become the waste and invalid mechanism.The second aspect is a key point of this article, exhaustively analyzes the connection and the conflict of the monetary policy and the bank supervising and managing functions, concurrently discusses the connection and the conflict of Central Bank Independence and Banking Supervision and Management Committee, this is the multianalysis process which proposed to the solution.Bank supervising and managing function divides into currency supervision and management and organization supervision and management,Central Bank retains currency supervising and managing function, it is highly unifies with the monetary policy. Central Bank separated the organization supervising and managing function, namely the establishment of Banking Supervision and Management Committee. Each proposed connection and conflict can give us some enlightenment.The third aspect is how to further strengthens Central Bank independence through above analysis.This is an article conclusion which elaborated the current duties and the long-range mission from the two angles.Currentlly most urgent duties are to establish the good coordinating mechanism, this is guaranteed both sides specialization, the high efficiency develops.lt is the most effective measure, and we must establish the perfect legal laws and regulations and the supervising and managing system, simultaneously we should learn the experience of central banking system reform in New Zealand,and put emphasis on the monetary policy goal and full right of implementation ; hi a long time we must enhance the legal status of Central Bank, enhance government financial resources, and establish the unification supervising and managing frame. Let us make the good supplementary between the market game rules and the supervising and managing rules,etc.