On Legal System Of Commercial Banks Green Credit Information Disclosure

In the Twelfth Five-Year Environmental Protection Plan of the Fifth PlenarySession, the Communist Party of China put forward, Green credit policy is an importantform to promote highly integration of economic development and environmentalprotection. During the procession of the commercial banks implement the green credit,disclosure of information on the green credit is to achieve transparency has a key roleand one of the key link. As China Banking Regulatory Commission(CBRC) published《Green credit guidelines》on February24,2012，first mandatory requirement todisclosure of information on banks implement the green credit is come out, however, thecontents of the specified are too general, there are many defects, seriously affect therealization of transparency of the green credit policy. Therefore, we must strengthen theconstruction of the legal system of commercial banks disclosure information of thegreen credit, running effectively green credit policy and promoting green finance ofsustainable development. The article studies the theme of the legal system ofcommercial banks disclosure information of the green credit. The article includes fourparts:First, I will introduce the basic theory of the system of commercial banksdisclosure the green credit information. Analysis of the main content of commercialbanks disclosure the green credit information on the basis of some clear concepts of thegreen credit, and analyze economics foundation and law foundation of commercialbanks disclosure the green credit information.Second, the paper will conduct a comprehensive analysis of the disclosure ofinformation commercial banks the green credit law development. Finding the mainproblems, and analyze it on a legislation.Again, analysis of the legal system of disclosure of commercial banks the greencredit information on IFC and the United States, Germany, Japan. On one hand, I willintroduce the content framework of IFC, information disclosure characteristics, and themain content, building the legal system of China’s commercial banks the green creditinformation disclosure by learning form them. On the other hand, analysis of specificrequirements and characteristics of financial institutions to implement the green creditinformation disclosure system from the United States, Germany, Japan, and that points out to reference to China.Finally, I would give some suggestions for the improvement of commercial banksthe green credit information disclosure legal system in China based on the analysis ofthe front parts. The first, from the legislative system, we can enhance the legislativelevel, regulative the content of the green credit information disclosure and improveaccountability mechanisms. Second, from the supervision level, we can structure thelegal liability system and establish a comprehensive supervision mechanism. Third, wecan improve the commercial banks the green credit information disclosure from otherways, such as, improving the information sharing and coordination mechanism betweenthe environmental protection departments, the CBRC and commercial banks. Inaddition, we also can construct the online disclosure information sharing platform andimprove the ability of commercial banks the green credit staff.