Legal Supervision Of The Financial Holding Company

In today’s international and domestic financial constitution of the innovation, the innovation of financial products, financial sector linkages between companies close, banking, securities, insurance industry, mutual cooperation and joint marketing. In this environment, banking, securities, insurance companies tend to be strong combination, through mergers, holding companies, mutual shareholding, etc., formed a "financial holding company" and other new financial management system, establish a financial holding company, holding parent and subsidiary, and even Sun’s linkage, a closely related party transactions. Related party transactions show to see the entire financial holding group greatly gains Holdings, a collection of the field of banking, securities, insurance, customer, product, marketing and other resources, to increase profits and cost savings. But at the same time, improper, unfair related party transactions are also produced and because of its secrecy and complexity, the difficulty of monitoring is also greatly improved, a corresponding increase in regulatory requirements. Another major problem for financial supervision in the field of related party transactions of the financial holding company, at the same time due to the financial impact of the dangers of a wider, to guard against the risks arising from related party transactions of a financial holding company, an important goal of financial regulation. Related party transactions within the financial holding company to start is divided into four sections, the following major elements:The first chapter, the definition of the financial holding company and its related parties, affiliated, related party transactions as defined in specific instructions. Second, list the characteristics and risks of the financial holding of related party transactions to disclose related party transactions to monitor the need for financial holding company. The end of the first chapter, the distinction between the scope of the regulation of related party transactions, and regulatory exceptions to do a detailed description.The second chapter describes the related party transactions of a financial holding company in the international regulatory system to do the description and list of research priorities (financial firewall system to the three financial regulatory system, information disclosure system, supervision of the Harmonized System), to expand financial regulation system design features. The third chapter is devoted to examine the development of China Financial Holdings, and explained the regulatory status quo for the financial holding company in China related transactions.Chapter IV of this paper is the premise in the development status and regulatory status of related party transactions of financial holding companies in China, combined with the favorable experience of the three regulatory regime in the second chapter of the International, designed for China’s financial regulatory measures, the legislative proposals.The development of related party transactions of the financial holding company is in line with the trend of the times, can not be complete supervision and regulation system, can not deny the relevance of the financial holding company transactions. The most important is the need to be unjust, unfair related party transactions removed, and to design a perfect system of this supervision.