Research On The Rule Of Law Guarantee Of Effective Financial Macro-prudential Supervision

The rule of law guarantee is a necessary condition for realizing macro-prudential supervision of effective finance.This is the realistic requirement of governing the country according to law and the realistic need to overcome the"government failure".Since the international financial crisis in 2008,in order to prevent systemic risks and maintain financial stability,China has attached great importance to financial macro-prudential supervision in guiding strategy,and has begun to establish and improve financial macro-prudential supervision,promulgated and regulated the financial macro-prudential supervision by issuing departmental regulations and related guidance or notices,such as"Management Measures for Commercial Bank Loan Loss Preparation"and"Commercial Bank Capital Management Measures(Trial)"However,there are still three problems:the financial macro-prudential supervision subject and its authority have not yet been legislated,the financial regulatory information acquisition is fragmented,and the institutionalization of the financial supervision coordination mechanism needs to be strengthened.In order to ensure that China's regulatory resources are optimally allocated in financial macro-prudential supervision,and to maintain the bottom line of financial systemic risks,to achieve China's financial sound development,learn from the practical experience of financial macro-prudential supervision in the world,analyze the rational allocation of regulatory power,improve the financial regulatory information acquisition mechanism and the normalized financial regulatory coordination mechanism in the process of achieving effective financial macro-prudential supervision and the corresponding institutional arrangements,starting from the above three problems,propose the path to perfect the effective financial macro-prudential supervision of the rule of law in China:first,clarify China's financial macro-prudential supervision body and its authority;second,promote the standardization and integration of financial supervision information statistics;and third,promote the normalization of financial supervision coordination mechanism.