The Study On The Merger Of Prefecture-level Banking And Insurance Supervision Bureaus

The institutional reform project of the state council,which was reviewed and approved at the first session of the 13 th National People's Congress on March 17,2018,includes the merger of the China banking regulatory commission and the China insurance regulatory commission to form the China banking and insurance regulatory commission.On November 13,the China banking and insurance regulatory commission announced the "three determinations" project,and this marks the provincial and provincial banking supervision and insurance institutions under the merger began.The merger of banking and insurance supervision institutions is an important part of this round of financial regulatory reform,it is a timely adjustment based on the new risk situation of China's financial industry.The purpose to merge is to solve existing regulatory problems,improve regulatory efficiency,prevent and defuse financial risks,protect the legitimate rights and interests of financial consumers and maintain financial stability.Compared with the merger of provincial-level banking and insurance supervision bureau,the problems faced by the merger of prefecture-level banking and insurance supervision bureau are similar,but there are also many differences.This paper focuses on the reform research on the merger of grassroots branch offices of prefecture-level banking and insurance supervision,takes the merger of the branch of bank and insurance supervision in YC city,Hubei province as a case and the new public management theory as the guidance,is based on literature research at home and abroad,and uses multiple methods,such as depth interview,field investigation,case analysis,data analysis and so on.This paper holds that the internal motivation of the merger of banking and insurance supervision institutions is the change of mixed operation in the financial market,it includes the change of institutional supervision to functional supervision,and its effect is conducive to promoting the modernization of financial supervision in China.This paper argues that the merger of prefecture-level banking and insurance supervision bureaus not only not only has internal contradictions in the professional integration of banking and insurance supervision,but also has external low efficiency in collaboration with other regional financial supervision institutions,and own the relatively single supervision means and ability in the face of "Internet +" financial market risks.On this basis,this paper makes an in-depth study on the measures taken by prefecture-level banking and insurance supervision bureaus in China to merge and puts forward the proposals by combing foreign advanced financial supervision experience and domestic regulatory practices in some regions on P2 P industry: namely,we should establish an internal coordination center,coordinate the positioning and cooperation of the external organizations of the second category,and strengthen three kinds of "Internet +" financial capacity building of science and technology.This paper starts from the perspective of prefecture-level banking and insurance supervision bureaus,focuses on internal and external problems of the local financial regulatory reform and financial regulation ability construction under the background of "Internet +",and strengthen the practicability of measures,so as to provide reference for the merger of prefecture-level banking and insurance supervision bureaus and improving the efficiency of grassroots financial regulators.