Research On The Legal Issues About The Supervision Of Foreign Banks

Although the present supervision of foreign banking has begun a foundation, the comprehensive prevention of foreign banking financial risk is lagged behind. At the present, the supervision of the foreign banking business has such lots of problems in our country: the legal system is still not perfect, a more comprehensive "Foreign Banging Law" has not formulated. The promulgated "Commercial Bank Law" is also in lack of special provisions on foreign banking supervision. Content of the regulation needs to be improved, business can access arbitrarily and the provisions of business exit are unclear. The system of the supervision is unreasonable, the regulatory powers and responsibilities are unclear and the mode of supervision is single. The reason is lack of awareness of the business to hedge against risks. International cooperation is not enough in depth and breadth. Meanwhile the model of the regulatory and capability is limited. Reference to the experience of mature USA and other European countries, we recommend us specially to formulate the Foreign Banking Law, set a special chapter that foreign banking supervisory style, focus on improving the mechanism of the business regulation exit, reform the business regulatory agencies and strengthen international cooperation and exchanges.