Legal Research On Financial Consumer’ Right Protection Of Multinational Banks

The multinational bank is the carrier and the central of financial globalization, the dual influence of its expansion in the world and in the home and host countries, are important in the whole world of financial markets. Financial consumers face financial institutions with financial expertise, information asymmetry, format contracts and other factors, has the common problems with the domestic bank consumer protection.Because of the existence of foreign factors, it has particularity in the financial information security, transnational property protection and transnational litigation, in compare with the domestic bank consumer protection. Because of the different interests of different countries, the level of economic development is different,the legal system is different, and so there are many conflicts on the protection of financial consumers’ rights and interests in multinational banks. This makes it difficult for the financial consumers of multinational banks to get effective protection in the financial privacy, financial security and financial claims after violation. Therefore, it is necessary to carry out the system design in the aspects of international consumer protection, transnational banking supervision, and international judicial assistance so on. The special and comprehensive protection of financial consumers of transnational banks can effectively safeguard their legitimate rights.Multinational banks’ financial consumers are faced with strong financial hegemony,complex international market, and law in different countries. Global economic integration means that each country’s trade and dispute resolution mechanisms need to be unified. For our country, we need to learn and introduce international rules, actively participate in the formulation of international rules, strengthen international exchanges and cooperation. In order to ensure the sustained and healthy development of our country’s transnational banks, to effectively protect the interests of domestic financial consumers,and correctly handle the interests of multinational banks and financial consumers disputes. This paper puts forward some perfect ways to strengthen the international financial cooperation and supervision, to improve the bank deposit insurance system, to coordinate the information disclosure and privacy protection, and to construct the multi form dispute settlement mechanism.