Research Of China’s Deposit Insurance System

Deposit insurance system is a basic system of financial industry in the world.On March 31,2015, "Deposit Insurance Regulations"was officially announced and shall come into force on May 1,2015, which marks the initial establishment of explicit deposit insurance system in China.The establishment,implement and improvement of deposit insurance system are a system project, which involves economic, financial and legal aspects. "Deposit Insurance Regulations" is the whole content of the deposit insurance system in our country at present and its introduction is only the first step to build perfect deposit insurance system,which really plays the positive role in the deposit insurance and also need the further optimization and perfection.Through the research method of literature review, comparative analysis, combining theory and practice, this paper reviews the related theories of deposit insurance and the main contents of the current deposit insurance system of our country and then analyze the problems of the deposit insurance system in our country. Firstly,the relevant implementation rules need to be set up as soon as possible; Secondly,supporting the construction of relevant laws and regulations should be further improved; Thirdly, to further promote the construction supervision coordinate-on mechanism; Fourthly, the constraint mechanism of non-banking financial institutions needs to be improved; Fifthly,deposit insurance statistics work is faced with some technical problems and then the writer analyses the deposit insurance system abroad, and draws relevant inspirations:(1) The perfect system of laws and regulations are the smooth implementation of the basic conditions of the deposit insurance system;(2)Government dominant is the smooth implementation of the basis of the deposit insurance system;(3)Expanding the promotion function of deposit insurance is an important guarantee for the smooth implementation of the deposit insurance system.In view of the above problems and enlightenment, the writer finally summed up the further construction of perfect design of deposit insurance system in china. Firstly,to further improve the financial legal system construction. To establish a " Deposit Insurance Law " in the form of legislation as soon as possible, expressly granted to the deposit insurance fund management organ specific regulatory functions, deposit insurance fund management institutions to give the necessary independence; to improve the related legal laws and regulations construction and launch " Financial Institutions bankruptcy law" as soon as possible, revise and improve " Law of commercial banks"and other laws and regulations; the introduction of deposit insurance regulations should be established as soon as possible, formulate the measures for the implementation of the risk difference rate, clear the specific connotation of senior management personnel of the insurance agencies, refine deposit insurance coverage, improve risk management program. Secondly,set up deposit insurance rating system and mainly improve risk rating qualitative and quantitative evaluation factors, set the red line adjustment index, adjust the insurance agency ratings timely; improve the risk rating procedures.Thirdly,further enrich and perfect the early corrective function. To strengthen risk monitoring, evaluation, verification, timely recognition of risks; improve early corrective mechanism of capital evaluation criteria and threshold, strengthen the angels of tail risks involved; according to the degree of risk, flexible to take formal, non-formal corrective measures;give the necessary regulatory authority to deposit insurance fund management institutions. Fourth,step by step improve the deposit insurance system. To establish and improve the deposit insurance information system, the data should be submitted to the electronic; to strengthen the regulatory coordination and cooperation, and constantly improve the financial safety net; to gradually expand the coverage of deposit insurance system, deposit insurance function is extended to the entire financial system.