The Research On Efficiency Of Chinese Banking Regulations And Supervisions

The international financial crisis made people more aware of the urgency to strengthen macro-prudential supervision and to improve the efficiency of financial supervision. How to strengthen and improve financial supervision and how to improve the effectiveness and efficiency of financial supervision have been become the focus of people's attention at post-crisis era. In the new century, China's economic developed rapidly, but its banking industry during this period reveals a wide range of questions which can not be ignored. And how to deal with these risks has become a serious problem. The continuous improvement of the efficiency of banking supervision is also improving our separate supervision system imperative. Thus, It's significant for this paper studies the efficiency of banking supervision.By reviewing the development process of China's banking supervision, it's easily finding China's banking regulatory efficiency significantly increased in the new century, but there are still many gaps compared with developed countries. This article also quantified by constructing a system of banking regulatory efficiency indicators, and used the method of cost-effectiveness analysis to quantitatively measure the efficiency of banking supervision in China. And the empirical analysis shows that since the establishment of the CBRC, the efficiency of banking supervision got constantly improved and China's banking supervision were basically adapted to the needs of national economic development. Meanwhile, the empirical analysis also shows that the efficiency of banking supervision in China may be impacted and influenced by a number of domestic or international factors, for example, the treatment costs of problem banks and international financial crisis can affect it. Looking ahead, the paper argues that the following approach can help to improve the efficiency of banking supervision: First of all, establish and strengthen the cost-benefit concept, through technical innovation, personnel training, and other regulatory means reducing regulatory costs, through the strengthening of consumer education, strengthen supervision of an appropriate regulatory effectiveness and improve the supervision of the revenue. Secondly, based on the separate supervision, strengthen supervision communication and collaboration. In the country avoid supervisory vacancies while in foreign countries curb regulatory arbitrage. Finally, strengthened both of the micro-prudential supervision and macro-prudential supervision, which against the domestic economic fluctuations or reduce the adverse effects when foreign economic cyclical changes.