Legal Issues Research Network On Banking Supervision

With the advent of economic globalization and the network popularization, the internet bank business is booming. In the 1990 s, due to the wide application of Internet technology in the financial sector, marked the official birth of the internet bank. Compared with the traditional banking, Internet banking has a unique convenience at the same time also brought great risk to consumers.As can be seen from the daily violations of consumer online banking cases, financial security online banking consumer privacy are at risk, in case of disputes, the remedy can not be guaranteed. The main reason for these problems is between the consumer and the bank information asymmetry, our current legislation there are still gaps and deficiencies, regulatory approach has also suited to the development needs.In foreign countries, the United States to build multi-level regulatory and legal framework to protect privacy, the specific legislation in Canada by technology to ensure the safety of funds and setting up financial administration of consumers as a specialized agency to protect consumers, the independent regulatory body and set up financial patrol tube such alternative legal relief system, these are for the improvement in the internet bank supervision in the reference for how to better protect the legitimate rights and interests of consumers, can be combined with China’s specific national conditions, as a useful reference.Our country should fully based on the experience of the developed country the internet bank development and regulation, improve the internet bank supervision in the legislation of the legal system of consumer protection, legal.Because of the internet bank regulation requires strong professional knowledge, beyond the regulation ability of the financial industry itself, to other government departments cooperate together, in the regulatory patterns should also gradually from separated regulation to mixed regulation, from institutions supervision to functional supervision.In the face of the internet bank consumers tended to be disadvantaged in the maintenance of rights and interests of reality, on the way to settle disputes need to perfect our country the internet bank run every subject in the process of legal liability, the relevant provisions of the only common build good protect consumer Internet banking supervision legal system, how to the protection of the interests of consumers, internet bank to promote healthy development of China’s internet bank.