Research On Legal Regulation Of The Information Disclosure Obligations In Personal Financial Services Of Commercial Bank

With the development of economic and the improvement of people’s living standards, the commercial banking personal finance sought after by many customers in these years as an emerging wealth management tool, which fund-raising scale increased year by year, showing a spurt of development. Meanwhile, money disputes between commercial banks and customers are frequently hit the newspapers, mostly due to the commercial banks did not fully and accurately fulfill its disclosure obligations in personal finance services. China’s current academic research didn’t focus much on the information disclosure obligation for personal financial services.In legislative practice, there are some provisions on this issue, but are scattered in parts of regulations and normative documents, the existence of provisions scattered, low-level legislative, regulatory content imperfect, and yet the lack of third-party supervision of commercial banks to establish civil liability system are common. Therefore, the purpose of this paper is to conduct a more in-depth discussion on the commercial banking personal finance services disclosure obligation, analysis of legal regulations on this issue conducted by some developed countries, combined with the lack of existence of China’s commercial banking personal financial services information to have legislative proposals for the regulation of commercial banking personal financial business information disclosure obligations.This paper is divided into five parts.The first part is to clarify the legal nature of the various commercial banking personal financial services by definition and classification.The second part is related to the theory of information disclosure obligations, Clarifing the status of information disclosure obligations from the perspective of economics and law analysis of the theoretical basis of this regulatory obligations.The third part focuses on the legal regulations of developed countries’ commercial banks in the personal financial services information disclosure obligations and draws some inspirations and references.The fourth part reviews the relevant provisions of our existing commercial banking personal finance information disclosure obligations, and notes the defects of China’s existing legal regulation of information disclosure.The fifth part defines the basic principles of information disclosure obligations of commercial banks in personal financial services,and have legislative proposals for this issue.