The Research Of Legal Issues About China’s Reformation On Financial Supervision System After The Financial Crisis Era

The financial crisis influence the world economy deeply, it made not only a great loss to the global economy but also made a big impact and destruction to the financial sequence. Under the driver of financial liberalization and deepen of the mixed operation, the development of financial derivatives made the systematic risk which accumulated under the old style financial supervised system exposed gradually. So each country survey the mode of their financial supervised system, adjust their financial supervised system structure to recover the confidence and stable of the financial market.Our country did not impact heavily like Europe and America due to its relatively closed supervised system, so after2008financial crisis, our countr y’s financial supervised system did not change more. But what had to emphas ize, our country’s financial supervised system goes against financial innovation. Reform existing supervised system not only benefits to the development of fi nancial industry but also adapt to the tendency of internationalization. The lev el of our country’s supervised system is relatively backward and do not have enough research, meantime, we often copy abroad supervision model, separate d from our country’s reality and lack native adaptability. This paper combined china’s realities and proposed suggestion on how to perfect our country’s fin ancial supervised legal system through analyzed the exposed problem under th e existing financial supervised law frame, take example by ways which experi enced by the developed country after the financial crisis.This paper is divided into four partsThe first part introduces the basic financial regulation law and clear the meaning of system of financial supervision mode; detailed classification of financial supervision mode, to provide useful references in order to further establish our country’s financial supervision mode; Analyze the reformation of financial supervision system from the viewpoint of economics, also have the meaning of drawing lessons from the basic theory of financial supervision. The second part, take the United States, Britain and the European Union as example, through the change of the financial supervision law reformation to sum up the new reform trend of the international financial supervision legislation. Strengthen macro prudential supervision; strengthen the protection of financial consumer, the change of financial supervision mode etc.The third part, review the development process of China’s financial supervision system, described China’s financial supervision system reform after financial crisis, analyze the existing problems of China’s financial supervision system, such as insufficient of market opening, lack of effective information sharing and coordination mechanism and so on.The fourth part, through the financial supervision system changes before and after financial crisis and the analysis of the existing problem of China’s financial supervision system, obtain system reformation path which suit China’s financial supervision system reform national conditions. Initially, improve financial supervision and coordination mechanisms, in the long-term, based on macro prudential supervision, two big targets of the market behavior and the protection of financial consumers, establishing twin peaks supervise system which under the target oriented. Perfect the relevant laws and regulations, at the same time, construct the macro prudential supervision system, improve the laws and regulations on financial consumer protection.