The Construction Of Deposit Insurance Legal System In China

Since the 1930s, with the initial establishment of the deposit insurance system, it has been occupying a very important position in the history of world finance development. Deposit insurance system has become recognized as one of the three pillars of the country’s financial safety net together with the prudential regulation of financial supervision authorities and the central bank’s lender of last resort function.Today, with the development of economic globalization, the deposit insurance system has become an important component in many countries’financial supervision system. According to the statistics of International Association of Deposit Insurers (IADI) in 2014,113 countries around the world have established its own deposit insurance system. Moreover, there are also 40 countries which is preparing or under research to establish the deposit insurance system. China is one of these 40 countries. Our country is playing an increasingly important role in the world’s financial development. With China’s financial reform, the intense competition in banking industry has become a problem which can not be ignored; the increasingly liberalized economic environment also means that the banks have to face the threat and impact of the international financial risks. However, the legal deposit insurance system in our country has not been established in reality. Based on the above background, the further in-depth study of the deposit insurance legal system and the construction of deposit insurance legal system in China are very important.This article is divided into four parts. In the first chapter, the author introduces some basic questions of the deposit insurance legal system briefly, which focuses on the analysis of socio-economic roots, value pursuit, positive and negative effects. The second chapter is a comparative study of the deposit insurance legal system in different countries. The third chapter expounds the necessity and feasibility of the construction of deposit insurance legal system. Finally, the article settles in the measures of setting up the deposit insurance legal system, in the meanwhile, the article also take into consideration of the supervisory systems and measures in the process of the construction of deposit insurance legal system in China.