Improving The Information Disclosure Regulation System Of Commercial Banks

One of the roots of U.S. subprime crisis is the bank over-relianced on external rating agencies to relax the internal due diligence and risk assessment when they assess the credit risk. Thereby these mislead the consumers. However, think carefully, it is the core issue that investors can not accurately be informed of the risks of information which leads to the outbreak of the crisis. Therefore, " The New Basel Capital Accord",believes that the disclosure of information regards as one of the modern financial supervision of the " three pillars "For China, we are still running the old agreement of 1988. However, China has amended the existing regulations and the "disclosure" has been accounted and promulgated the "Measures Commercial Banks "in 2007 to improve the level of capital regulation. The approach refers to develop the level of new capital requirements of information disclosure agreement, so that the disclosure of bank information and its content coverage of basic line, the current main difference is the depth of disclosure of information or level of detail.According to the current implementation, the largest problem of information disclosure of commercial bank is that information disclosure can not guarantee the timeliness, validity and authenticity. Three factors have contributed to the problem:first, the capital of commercial banks and mature market economies there are many different, including the core issue is how to combine theory and practice, the lack of in-depth theoretical and empirical analysis; Second, related departments in the development of information disclosure system of commercial banks due to lack of motivation and effect estimates, there have emphasis on different standards, trade-off phenomenon; Last but not least, commercial bank based on its own interests, lack of initiative and objectivity of information disclosure, resulting in the disclosure of information there is a big water.The fundamental reason of the problem is the lack of an effective monitoring mechanism. From current research, the current situation in China mainly have four aspects:Frist, the information disclosure regulation of the international comparative study; Second, the significance of information disclosure regulation; Third, supervision of commercial banks, co-ordination of information disclosure; Fourth, the information disclosure of commercial bank supervision status. From these studies, the main problems are:First, the lack of adequate basic research; Second,the lack of systematic research; Third, the study itself has some problems. Therefore, for the present these studies is difficult to build on the regulatory system in China, which has played a decisive role in promoting. This study focused on two aspects:one is the information disclosure regulation of commercial banks based on the basic theory and research to do a detailed argument; the other is the regulatory principles of information disclosure, regulatory elements, regulatory methods and means and the mode selection to do a systematic study. With a view to commercial banks on the information disclosure regulation of the basic framework of system contribute a little strength.