Legal Supervision Of Offshore Finance After The Global Financial Crisis

Offshore finance is corresponding with the concept of onshore finance. It is themain business of international finance now.From the perspective of legal research, due to the international offshore financialtransactions and regulatory specificity, not only from the perspective of internationalprivate law but also from the perspective of public law, offshore financial markets offera wealth of legal and economic research materials.The global financial crisis which triggered by the U.S. subprime mortgage crisishits the global finance market, brings a profound impact on the global real economy andfinancial system. Also highlights the various problems of the offshore financial andoffshore financial markets. Thus the international financial environment and the legalsupervision of financial services has been unprecedented attention after this globalfinance crisis. The legal supervision of offshore financial theory and practice hasbecome the focus of research. For the offshore finance is relatively new in internationalfinancial field, this paper is based on the significant differences between the traditionalonshore finance and foreign-related finance business and financial services. Byreviewing the reasons of naissance and the development process, analyze the mainmodes of offshore financial market and the future direction of development, andsystematically analyze the legal issues involved in offshore finance, especially the legaland regulatory characteristics and its current regulatory status quo. Through thereflection of the historical background and reasons of the global financial crisis, find outthe current problems and flaws of international financial regulation, particularly thelegal supervision of offshore finance and offshore financial markets, and how to furtherstrengthen the legal supervision of offshore finance. From the macro level, this paper will analyze the offshore financial services andoffshore financial markets are characterized, and its legal framework and regulatorysystem; from the micro angle, specifically through the analysis of offshore financialbusiness and legal issues involved and the specific control measures, put forward asound legal regulation of offshore financial advice.