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The Protection Of Financial Consumers’ Right To Know

Posted on:2015-09-28Degree:MasterType:Thesis
Country:ChinaCandidate:J Q ZhouFull Text:PDF
GTID:2296330431971592Subject:Civil and Commercial Law
Abstract/Summary:PDF Full Text Request
Since the2008financial crisis, Most countries strengthen the protection of financial consumer.They saw promulgating the financial consumer protection act and establishing a consumer financial protection agency as a good solution to save the financial crisis and maintain financial stability. In2013, the Fat Finger of Everbright Securities cause huge losses for many financial consumers, however, legislation in our country has not yet formed the unified concept of "financial consumers", also,has no a special financial consumer rights law. The financial consumers’ right to know is the basis of free choice, fair trading right and other rights for financial consumers. Due to severe financial market information asymmetry, the financial consumers’ right to know is difficult to secure, the financial consumers are difficult to claim losses through legal channels.In this paper, first of all, from the perspective of the consumers and financial concepts, analysis in the serious information asymmetry of financial markets trading of special properties and expounds the necessity and importance of maintaining financial consumers’ right to know. Secondly, it expatiates the financial consumers’ right to know the specific content of the financial services corresponding obligations are put forward. Thirdly, through the present situation of the protection for financial consumers’ right to know, it analysis the existing problems in the financial consumers’ right to know protection in China. Finally, it discusses the judicial field within the framework of how to maintain the financial consumers’ right to know.
Keywords/Search Tags:The financial consumers, the right to know, informationdisclosure
PDF Full Text Request
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