The Study On Legal Supervision Of Bank Financial Products

After the financial crisis,bank wealth management,as a tool for commercial banks and non-bank financial institutions to carry out regulatory arbitrage,has been rampant in the financial market for many years.On the one hand,the rise of bank wealth management is an inevitable result of financial innovation,which meets the investment and financing needs between residents and enterprises.It has broadened financing channels.On the other hand,the complex structure of bank wealth management transactions and the opaque transaction chain contain a series of potential risks.In addition,off-balance sheet wealth management does not accrue capital,which has caused the banking supervision mechanism with capital supervision as the core.The impact has hindered effective financial supervision in China.Bank wealth management operates in a fund pool mode,and financial risks accumulate in the banking system,forcing the supervisory authorities to issue new regulatory policies,forming the current main rules with new asset management regulations,new financial management regulations,and financial subsidiary management methods.The new regulatory standard system is intended to return the bank’s wealth management to the roots of "trusted and managed by clients",following the regulatory logic of asset management products.At present,under the policy environment of "strict supervision,deleveraging,and structural adjustment",banking financial supervision is very effective,but the remaining regulatory issues of stock wealth management products and the new regulatory requirements that may appear in the transformation of wealth management products cannotbe ignored.The adjustment of the regulatory model lacks the support of the system and related mechanisms;second,the traditional regulatory measures cannot fully address the risks posed by the wealth management products of the bank;third,the insufficient supervision of the consumer rights of the bank’s financial management finance,and the interests of financial institutions and investors have been in an imbalanced state for a long time.In order to realize the effective supervision of bank wealth management products,the regulatory body should optimize the design of relevant functional supervision systems,improve the coordination and coordination mechanism in layers,enhance the adaptability of the supervision model in the wealth management market,and meet the development needs of reasonable wealth products.From the perspective of risk control of commercial banks,focusing on risk supervision,improve risk supervision methods and measures,strengthen internal control of bank wealth management risks,build a comprehensive risk supervision system,and gradually realize active prevention and control of bank wealth management risks.From the perspective of financial consumer rights protection,further improve information disclosure and investor suitability systems,unblock channels for financial dispute resolution,and fully protect financial consumer rights.Eventually,a regulatory system will be built that is led by administrative supervision and focused on risk control and the protection of financial consumer rights,so as to realize the orderly development of bank wealth management products without stifling financial innovation.