Research On The Supervision System Of Individual Credit Checking

Individual credit checking system is an indispensable component part in social credit system, strongly supporting the establishment of Chinese individual credit system. The establishment of individual credit checking system is the inevitable demand for China to deal with its current credit crisis, the effective way to adequately explore individual credit resources, as well as the objective requirement for China to promote the international competitiveness. In a mature individual credit checking system, a sound supervision mechanism is requisite. Since the financial crisis in2007, every country in the world has been revaluing and making investigations into the effectiveness of the individual credit checking system and taking measures to reform the supervision system of individual credit checking. Reestablish of the supervision system of individual credit checking is attached more importance to than ever before.Nowadays there exist mainly two individual credit checking patterns in the world, the market oriented, of which The United States is the typical representative, and the government oriented, of which the countries of Continental Europe is the typical representative. Based on these two different individual credit checking patterns, different individual credit legislation systems and supervision models are established.At present, the social credit checking system of China is still in the early stage of development, and the industry of individual credit checking is still an emerging industry in China. Thus there are a series of problems demanding prompt solution in the course of its supervision. For instance, the supervision legislation lags behind, hard to implement rigid supervision; the supervision subjects are multiple, hard to achieve unified supervision; the self-discipline mechanism is absent, hard to realize effective supervision. These problems have seriously restricted the sound and rapid development of individual credit checking industry in China. In order to resolve the above problems, we have to take measures as follows. First, it is high time to establish the supervision system framework of the individual credit checking appropriate for the national conditions of China at the present stage, and establish an integrated system for individual credit checking supervision that is based on laws and regulations, dominated by government administrative supervision, and supplemented by industry self-discipline. Second, we should reinforce individual credit supervision legislation as soon as possible to provide legal ground for individual credit checking supervision, and enact programmatic legal documents such as Credit Management Regulation to regulate credit checking industry. Third, we should unify individual credit supervision organizations and unify supervision standard by legislation. Fourth, we should found some self-discipline agencies in credit checking industry as soon as possible, cultivate self-discipline regulations and exert its functions of self-discipline, coordinate, service and so on. This may lead it to be an effective supplement for administrative supervision of individual credit checking.