The Legal Supervision System On Internet Social Finance

The internet social finance is the innovation of the internet financial,which is also under the supervision of financial regulation.Due to the benefit of the internet social data,the problem of information asymmetry have be solved and the transaction risk also be reduced.In the result of these,the internet social finance has been widely developed.The article analyzes the concept and its particularity of Internet social finance by compared with the relevance.In addition,by sorting out the law regulatory system of it,the system has defects,and need to perfect.Through the analysis of foreign law system,we summarize the advantages to make the law regulatory system of internet social finance more perfect.This article consists of five parts:The first part is mainly discussing the concept of the internet social finance,in order to make readers more clear about it by analyzing it with relevance.The second part analyzes the risks and the legal supervision status of internet social finance.There exists the data leakage risk,credit risk and law risk among the development of internet social finance.However,our legal system is hard to satisfy the need of its supervision.The third part is about the imperfection of its legal system.By combing it,there are three problems: Firstly,the legal system is not perfect.Secondly,our existing financial supervision system is not applicable.Thirdly,we lack of protection mechanism of finance consumer rights.The fourth part is an introduction of foreign legal regulatory system.In this part,it major involves the good system of both Britain and America.Combined with the present situation of China,we summarize the experience to use foe reference.Finally,on the basis of above analysis,the suggestions to perfect our legal system have be present.There are mainly three recommendations involved: Primarily,in order to have a sound and better legal system,we should perfect the elementary specification for business of internet finance.The internet finance consists of seven parts of business,but there still lack of supervision in some fields.Secondly,we should modify the related law to reduce the damage of lag nature,and making the law more appropriate.Thirdly,the legal provision of the internet social finance platform enterprise should be more specific.Meanwhile,our existing financial supervision system should be broken and specifying the market access system.Finally,we should improve the protection of finance consumer rights,establishing legal system and special protection agency as well as focusing on the special requirements present by internet social finance.In this article,through the comb of the legal regulatory and related supervision mechanism,we come up with some useful suggestions to perfect the legal system.The impaction of internet social finance definitely will be more important,and the energy of law will help it developing healthily,making it exploit the advantages to the full to reduce the financial risks,and promoting the internet finance in our country to be more booming.