Research Financial Dispute Resolution Mechanism

In financial innovation, and the backdrop of the financial crisis, the financialdisputes is growing. Financial consumer rights in financial disputes received widespreadattention, to solve the financial dispute problem also gradually get the attention of thepeople. Litigation in our country at present one yuan dominated financial disputeresolution mechanism has its inherent defects, civil lawsuit as a traditional way offinancial dispute resolution, has a long history. In resolving disputes with the authority,compulsory and finality, is incomparable by other way to settle disputes, because thelitigation has very strict procedures, however, in terms of processing time is long, andthe solution of the need to pay a higher cost, still exist in the process of the trial judgeprofessionalism weak, unable to fully meet the needs of the financial dispute resolution,thus to find and improve the financial dispute solution of lawsuit is necessary.Compared with the traditional financial dispute resolution, mediation mechanismto implement the financial advantages: high efficiency to resolve disputes; uncertainty ishigh, which will help the latter to perform; savings; diversion cases, relieve stresslitigation; personnel to deal with highly specialized. But the problem for theeffectiveness of financial disputes arising during mediation mediation agreement, theparties dispute the abuse of the right to go back on other issues still need attention. Forthis reason, from the sound financial dispute resolution legislation to establish a unifiedfinancial dispute resolution mechanisms, systems design Financial Dispute ResolutionCentre to strengthen the supervision of financial institutions, to enhance the professionalfinancial literacy of consumers to improve our financial dispute resolution mechanism.