The Research On Financial Consumer Protection

After the financial crisis, countries all over the world are the theme of financialconsumer protection content into its financial legal system reform, the importance offinancial consumer protection is increasingly highlighted. In our country, the financialconsumers due to the lack of professional knowledge, ability, the incompleteness ofinformation, makes its own relative to financial institutions, at a disadvantage position fora long time, always live in the giant in the field of financial risk, it also became under thebackground of financial crisis, the rapid development of the financial sector, Chinaurgently needs to solve the problem. Shall be adopted by our country financial industrylong-term and regulatory mode, tend to focus on the financial sector supervision, whileignoring the effective protection of financial consumer, lead to the lack of financialconsumer protection on the related legal level, the lack of financial regulation. In this paper,through summarizing the research achievements of theory and practice both at home andabroad, put forward skewed to financial consumer protection, and clearly define theconcept and category of financial consumers.Besides the preface and epilogue, this article main body includes four parts: the firstpart is the financial products and financial consumers, with the concept of financialproducts as the breakthrough point, the formation of the concept and definition forfinancial consumers as the main clue, cuts in this paper, we study the subject; The secondpart to the information asymmetry theory in information economics, economics offinancial democracy theory, institutional change theory, transaction cost theory and relatedtheory and method, expounds the basic theory of financial consumer protection are based,and proceeding from China’s national conditions, the brief analysis of the realisticsignificance of the financial consumer protection; The third part mainly through reviewingthe evolution of China’s financial regulatory system, the analysis of the disadvantages ofcurrent regulatory system and the existing laws and regulations of the lack of financialconsumer protection, expounds the realistic predicament of the financial consumerprotection system in China; The fourth part is from clearly defined financial consumer,perfecting financial institutions related obligations, innovation methods, such as perfectingthe judicial relief angles puts forward how to perfect the system of financial consumerprotection in our country.