The Conflict And Coordination Between Financial Privacy And Information Sharing System

With the continuous development of science and technology,as well as people’s social attitudes changed in various areas in the trend of global integration,the financial sector has been more and more international. The international development of the financial industry requires not only effective financial regulation, but also build an open financial social credit system. This will inevitably involve a dual requirement to establish information sharing system and the protection of financial privacy. But these two requirements are contradictory,because the financial regulation of public rights needs the information disclosure which has a conflict with the financial information privacy. It’s a new subject in our social market economic to build a information sharing system which can fulfill the regulation and either protect the privacy. Therefore, take the conflict and coordination of financial privacy and information sharing system as my thesis, by combing the development of financial privacy, the theoretical foundation for information-sharing system and the necessity to establish a profound analysis of the financial privacy contradictions and conflicts of rights and information sharing system to resolve the two conflicts and design. Ultimately,I have my own ideas and insights about how to build financial privacy and information sharing system balancing mechanism.This article is divided into four chapters. In the first chapter, the question about the conflict of the information regulation and the financial privacy has been asked through the domestic and foreign analysis of the UBS case. It’s mainly about the history and the trend of financial privacy in the second chapter. In this chapter, we introduce the concept of privacy and financial privacy, and analysis the historical development of financial privacy institutional evolution, value orientation, and possible direction in the perspective of jurisprudence, and we know that the financial privacy should be protected in modern time.We discuss the root causes of the conflict of financial privacy and information sharing system in the third chapter.We mainly introduce and discuss the the conflict and the conditions of conflict between financial privacy and information sharing system, and also try to find out the reason of the conflict. The last chapter is the most important chapter in this thesis.It’s about the legal harmonization of financial privacy and information sharing system. Respectively, from both the idea of equitable, the basic principles of legal harmonization and system recommendations put forward the idea of the contradictory relationship between regulation. To make matching laws for our own nation,we must still learn the good experience from those developed countries.The conflicts between financial privacy and information sharing legal system can be perfectly solved through the development of related laws.In this way, we can not only improve the efficiency of financial supervision, but also protect the rights, at the same time, can form a better pattern to maintain the stable development of the financial industry.