The Development Of The American Investment Bank Upervision Institution And Enlightenments To China

American investment bank appeared in the early19th century, since the1820s,America’s infrastructure construction and the civil war need a lot of money,to raisefunds the government and a lot of infrastructure construction company to issue hugeamounts of debt, resulting trade name to be engaged in securities underwritingbusiness, in the19th century, most business of the American investment bank isoperated by private banking, it has not yet become independent business, since the1920s, the booming economy led to the development of investment banking,investment banking is not only the scope of business expansion to the enterpriseacquisitions and mergers, enterprise establishment and restructuring, and evenextended to the field of commercial banks, investment banks basic shape. Along withthe development of the market environment changes, the investment bank experiencedthe development process of mixed-separation–mixed again.Finance is the core of the modern economy, and the investment bank is an integralpart of modern finance, its development degree, health or not is closely related with themodern economy. American investment bank developed earlier, its development level,management mode and the supervision institution are leading over the other countriesin the world, but with the arrival of the financial crisis in2008, the investment bankingindustry received great impact, The crisis has made Bear and Lehman go bankrupt,Merrill been bought up, Goldman Sachs and Morgan Stanley transform into traditionalbank holding company from investment bank. This fully exposed the regulatoryloopholes of the American investment bank.This article from the origin of the investment bank, business, and the difference ofcommercial Banks, the change process of American investment banking supervisionsystem in stages from regulatory legislation, regulations, regulatory mechanism threeaspects in detail, and then from the aspect of financial institutions and governmentlevel respectively for each stage to delve into the cause of regulatory regime change,on this basis, according to the development of Chinese investment Banks andsupervision are put forward on the lessons of American investment bank, in order to promote the healthy and stable development of China’s investment banking.