Study Of The International Cooperation Of Financial Supervisio

In2008, the United States broke out the subprime crisis, which gradually evolved into a world financial storm. It has become a primary consideration issue for the financial regulatory authorities that how to strengthen the international financial supervision cooperation and prevent the spread of global financial risks. In this background, this dissertation analyze the current practice status of international financial supervision cooperation on the basis of investigation of the necessity to strengthen the international financial supervision cooperation, and proposes some advices for the obstacle factors of the international financial supervision cooperation mentioned in this paper.This dissertation contains six chapters.The first chapter is the introduction. This section point out the significance, background and the status of the research at home and abroad, also the research methods and innovation.The second chapter introduces the theoretical basis of international financial supervision cooperation. The purpose of it is to establish a scientific and reasonable financial system. The theory of the necessity of financial supervision includes: financial fragility theory, public interest theory, malfunction of control theory, information asymmetry in the financial market. The analysis of these theories can help us study financial regulation from different perspectives. The basis of financial supervision cooperation theory includes national jurisdiction theory and international mechanism theory.The third chapter analyzes the necessity to strengthen international cooperation in financial supervision. Financial globalization promoted the development of international financial supervision cooperation. The transnational capital flow aggravate, the fragility of financial market increase, financial crisis and risks make a bad impact to the market, regulatory arbitrage and transnational economic crime is rampant, all these require to establish a international cooperation system in financial supervision, which can meet the requirements of the financial system stability.The forth chapter described the development of international cooperation in financial supervision. The main contents include establishing unified international regulatory standards, jurisdiction of the allocation and coordination system, improving the information exchange and sharing mechanism. In addition, some international finance supervision organizations began to undertake beneficial exploration on the international cooperation in financial supervision since1970s. Now the scope of international cooperation in financial supervision ceaselessly expands and the system tends to be gradually complete.The fifth chapter introduces some problems in the process of international cooperation in financial supervision, and proposes solutions to the problem. These problems include the difference in the background of the national financial supervision, the lack of financial statistical information, the insufficient attention to non-bank financial institutions, the imbalance of the international financial supervision cooperation and so on. The best way to solve these problems is to establish a multi-level and comprehensive international cooperation system in financial supervision.The last chapter analyzes the development direction of the international cooperation in financial supervision, and proposes several policy suggestions for China referring to the participation in international financial supervision cooperation.