On The Construction Of The Legal System Of Deposit Insurance Of China

The security and stability of the financial system is the core of the economicdevelopment and security of one country. With the continuous development ofChina’s financial system,the defects of China’s current reserve against deposit systemare continue to appear.It can not meet the need of the health and rapid development ofChina’s market economy.In the international arena, the prudential supervision of thefinancial regulatory authorities, the central band’s lender of last resort and depositinsurance system are considered to be three important lines of defense, which arerecognized to protect the world financial security.As one of the three dominantelements of the financial safety net, the deposit insurance system plays an importantrole in protecting the interests of the depositors and the stability of a country.With therapid economic development,there will be a lot of unpredictable factors,and the banksof China will face with serious competition in system,business and market.Toaccelerate the pace of the reform of domestic commercial banks will be the directionof China’s banking industry.All of these need the good financial environment toescort.Therefore,in order to protect the safety of financial institutions,we need toimprove the domestic legislation and the establishment of a deposit insurancesystem.As the role of the deposit insurance system in protecting the stability of onecountry,The deposit insurance system should be constructed before the crisis as amean to protect and control the crisis.The construction of deposit insurance system isa urgent task to maintain sustained and rapid economic development and themaintenance of financial stability in China.The future mode of Chinese Deposit Insurance Agency has not yet beendetermined.The current Deposit Insurance Act has named just several functions of theinstitution and there are still a lots of controversial points.This paper analysis thedeposit insurance of foreign countries and regions,according to the development,thefeatures and the role of foreign countries and regions’s deposit insurance system,thenexplore the deposit insurance legal system which suit to China’s national conditionsaccording the lessons learned from other countries and regions. The overall framework of this paper is divided into three parts.The first section discuss the concept and the history position of our country’sreserve against deposit firstly,then proclaim the disadvantage of the reserve againstdeposit system and the deposit insurance system,which our country put into practicemany years ago.At last, indicate the necessity and feasibility to build the depositinsurance system in China.The second part mainly provide the installment of our country’s depositinsurance organization.Through the analysis of the other countries and region’sdeposit insurance system,provide the style of organization、the funding and fundedmode of deposit insurance organization and the function of our country’s depositinsurance organization.The third part mainly provide the operation of of our country’s deposit insuranceorganization.Through the analysis of the other countries and region’s depositinsurance system,provide the way and the organization of insurance、the financingchannel、the rate of insurance、the deposit object of obligation、the authorizedceiling、the obligation and the priority right to be paid of our country’s depositinsurance organization.