Research On The Legal Regulation Of China’s Commercial Banks’ Liquidity Risk

The2008subprime mortgage crisis and the subsequent debt crisis in Europe exposed the major defects in the financial system of Western developed economies.The defects in the financial system makes the United States and the EU economies suffered heavy losses, while brought a tremendous blow for the rest of the world’s emerging economies. As one of the sources of risk in the financial crisis, the banking industry speed up its own risk to systemic and global crisis. Many examples and studies have shown that despite the liquidity problems of commercial banks is not the root causes of the financial crisis, but its liquidity problems had played an very important role in the global financial crisis, and then the global regulators had begun to pay greater attention to the supervision of liquidity risk to the banking industry.In response to the global financial crisis, the International Financial Stability Board and the Basel Committee in accordance with the direction determined by the G20leaders, began to comprehensively promote the reform of international financial regulation. And the Chinese banking regulator, as one of the members of the Financial Stability Board and the Basel Committee, for the one side to participate fully in the reform of international financial regulation, and for the other side to accelerate the pace of improvement of the domestic banking supervision. The G20summit in Seoul, held in November2010, approved the regulatory reform program, and the final text of the third edition of the Basel Accord was released in December2010. As early as2009, China’s Banking Regulatory Commission issued a "commercial banks’ liquidity risk management guidelines", and then issued the" China Banking Regulatory Commission on China’s banking sector to implement new regulatory standards guidance".All of these international and domestic documents showed that the commercial banks’ liquidity risk is placed in the absolutely stringent regulatory regime.This study mainly based on the supervision of commercial banks’ liquidity risk regulation, and the dual perspective on finance and law. By research of the third edition of Basel Accord and domestic/international legal documents on commercial banks’ liquidity risk supervision, can help us find the New trends in the regulation of commercial banks’ liquidity, the new regulatory standards and the transitional issues, identify the defects of the existing liquidity risk regulation. At last propose the importance of the establishment of a multi-dimensional, full range legal regulatory framework.