The Research On Financial Firewall Law Issues

In the post-financial crises era, the risk management has been taken moreseriously by comparison with profit and efficiency in the financial industry. As thefinancial integrated management has became a popular mode in financial industry,China has also took a preliminary attempt to develop it. So far, financialanti-fire-walls has been applied to prevent the risks in many countries and districts,China should also learn to build the walls. For now, the financial holding group hasbecame the new organization in our country to strengthen the comprehensivemanagement and to achieve the goals of capital investment optimization and profitmaximization, it requires us to have intimate knowledge about, and to construct andperfect the financial anti-fire-wall. Therefore, the research on the anti-fire walls infinancial holding groups has great realistic meaning and theoretical significance.Inthe stage of the separate operation in Chinese financial industry and under the policyof strict separate management, the risks are lacking of a transmission mechanism, thefinancial enterprises especially the banks are restricted in traditional scope ofbusiness. Against this background, the financial industry has been secured and there isno necessity to discuss the wall. However, as the mixed operation became theirresistible trend, America, Japan and Germany has also established the financialmixed operation system and made great achievement. The stick with the system ofseparate operation cannot meet the needs of financial market any longer and is lackingof international competitiveness.As for now, China has formulated about100financialholding groups through business cooperations and structural adjustments, such asChina International Trust&Investment Corporation Group and China EverbrightGroup. But, most of the holding groups are lacking of consciousness of risk and innerrisk control mechanism. Therefore, as the approach of financial holding group hasbecame the main organization form of mixed operation, the construction andperfection under risk block and efficiency supervise rules on anti-fire-wall in theinformation, staffing, profession, and capital field has became more necessary andurgent.