The Financial Regulatory Reform In The West Country And The Selection Of China's Financial Supervision Mode

The finance has the important action that can not act for in one country's economy, once the financial system waved and kindle financial crisis, it is a great harm which can not to estimate to the real economy even the whole national economy, so it is necessary to support financial order through the financial supervision. According to this, intensify the financial supervision that will be advantageous to supporting finance market's stabilization, help it to healthily develop. By surveying the whole history of financial crisis, the financial supervision always alternate with the supervision and relax. To accompany with that, the related theory also tend to reach perfection.Since 90's in 20th century, the financial crisis piles up one after another. The most effective crisis is the global financial crisis kindled by American subprime crisis, a great deal of financial institution closes down, global economy sinks into a low valley, and rate of unemployment in many countries is increased. The huge harm of the financial crisis promotes all countries introspect their own country's financial supervision systems, such as the United States, England and EU. They all adopt the scheme on financial supervision reform in order to face to more dangerous worm by the crisis and guard against a hazard come again. Most of countries and international organization say that it is important to build a macroeconomic management system and strengthen the regulation. The liberalizing mode that the new liberalism economic school claimed is moved. The global financial supervision is tended to scathing, controlled era is coming.After reform and open, the financial supervision system of our country is tending to reach perfection. The supervision frame obtained certain achievement. But problems abound in the supervision, such as the regulation vacuum is remain existed, the related policy regulation not perfect, financial innovation is insufficient, each regulatory lack of effective communication and the safeguard of consumer and investor's avail is scarcity and so on. According to this, it is an inevitable selection from the separated regulation mode to integrated financial supervision mode. The article aim to draw lessons from reform experience of the developed countries, then through some effective measures to cover the shortage in our system,: build a macro-management frame and intensify the cooperativeness of each segment, pay attention to improve the related law, devoted to promote the financial innovation and so on. We should to explore an effective path in order to create a suitable supervision system.