Research On Legal Risk Control System Of Private Banking In China

The private banking business in foreign countries have been carried out forhundreds of years, a new growth point for the important part of the financialproducts market and commercial banking, private banking also gradually grow anddevelop in our country. Private banking and other financial services, carry out theprocess is also faced with the complex and changeable legal risks, but compared toother financial markets, the legal risks faced by the private banking business inChina has its particularity. Better for the private banking business in China, there isgreat significance to strengthen the legal risk control system of private banking atthis stage.The first chapter introduces the definition of the private banking business,features and private banking business in the domestic and overseas development. Itis a clear distinction between the traditional business of private banking and othercommercial banks Chapter II first determine the legal risks of private bankingconcept, followed by highlights major legal risks faced by the private bankingbusiness in China in the process of launching: legal risks as a result of the absence ofregulation of the legal system; separate operation mode compliance risks; legal risksto prevent money-laundering a crime; lack of confidential customer informationsystem faced legal risk; personal credit system is flawed and lead to legal risk; riskWarning lack legal risk; analysis and its causes. The third chapter introduces thelegal origin of the private banking business in China. The fourth chapter describesthe more mature private banking business in the United States, Switzerland,Singapore and Hong Kong to carry out national or regional private banking legalsystem and the Implications for China, concerning the legislative status of theregulatory system, industry, risk management system, credit system and the secrecysystem. Chapter from perfect external institutional environment for the privatebanking business and private banking, legal risk internal prevention and controlmechanisms to strengthen the two proposed recommendations on the private banklegal risk control.