Research On The Function Location Of Deposit Insurance Agency In China

The deposit insurance regulations which is signed by Premier Li Keqiang take effect on the last working day in 2015, the regulation formulate deposit insurance legal system will officially run in our country since May 1st this year.Deposit insurance legal system in our country will officially run. Deposit insurance legal system with Chinese characteristics which is start with “deposit fund” finally officially boarded on the Chinese financial stage after mulled over 20 years. <Official Reply of the State Council on the implementation plan of the deposit insurance system> which is given to the people’s bank by the state council on April 1st is clear, the people’s bank set up the special account, establish separate accounting to manage, deposit insurance fund accounted for separately, the people’s bank of China is responsible for the management work. It can be seen that China has failed to establish independent deposit insurance institutions at the present stage.Deposit insurance agencies basically guarantee the normal operation of deposit insurance system, the defined functions are not only determine the deposit insurance system can truly be effective, but also of great significance for the rights division and benefits distribution claimed deposit insurance corporation, the People’s Bank of China, China Banking Regulatory Commission and other existing financial regulatory agencies. Based on the analysis and using the experience of foreign deposit insurance agencies function orientation, as well as reality of China, under the existing legal and regulatory framework, to further clarify the function positioning of the deposit insurance institution in China, refine the functional specific content, strive to provide fine policy recommendations for the future independently run of deposit insurance agency.There are three parts in this paper, the first part gives an overview of deposit insurance institutions; secondly summarizes and analysis the arguments of China’s deposit insurance institutions function orientation in theorists; finally put forward the existing orientational problem of deposit insurance function in our country through the analysis of the existing legal provisions, point out the uncertainty of the functions which deposit insurance agencies should have and the measures that specific measures to be implemented.The second part of the article selected four representative countries and regions, through analyzed and summarized the experience of the deposit insurance institution function orientation, so as to provide reference for the improvement of function orientation in our country.The third part mainly clarify that China should adhere to the original main function of payment, gradually establish and perfect the rescue function of the problematic insured banks, functions of reorganization and liquidation of bank bankruptcy, to establish regulatory functions which is mainly assist regulatory and coordinate other regulatory agencies to form a comprehensive monitoring network.