The Present Situation And Reform Strategies Of Financial Supervision Model In China

The 2015 stock market crash was caused by excessive leverage.Local governments can borrow too much through financial institutions such as Banks,which can easily trigger systemic financial risks.How to effectively supervise the shadow banking outside the supervision,so as to effectively prevent the generation of financial risks.China and the United States launched a trade war in 2018.The downward pressure of the economy has become prominent.How can financial regulators effectively prevent systemic and regional financial crises? In recent years,the rise of Internet finance,how to properly regulate it.How can financial regulators effectively adjust the economy and prevent financial crisis.Faced with such problems as difficult financing and expensive financing for small,medium and micro-sized enterprises,how to effectively prevent risks and at the same time encourage financial innovation.Faced with such financial regulatory issues as above,China's regulatory reform is also imminent,so it is necessary to have in-depth discussion on the reform of financial regulatory model.This paper first introduces basic concepts such as supervision and classification of supervision mode,and then reviews the development process of financial supervision system,and introduces the current supervision situation.At the same time,the author analyzes the problems existing in the current system,and then tries to explore the experience of overseas regulatory reform,in the hope of finding his own "method to attack jade" through "the stones from other countries".Many foreign countries have carried out reform activities against the financial supervision system,and the following views have been widely accepted,such as paying attention to prudential supervision,strengthening supervision,and building the financial consumer protection mechanism.It is of great significance to the development of China's reform and supervision system.Based on the experience of relevant countries in this field,this paper summarizes the existing achievements and puts forward some Suggestions for the domestic regulatory reform.Among them,the key point is to change the current financial supervision framework and replace the separate supervision with the comprehensive supervision model.We will strengthen the functions of the central bank and give it absolute dominance.“Two committee” will be incorporated into the central bank and the micro and macro prudential supervision departments will be set up within the central bank.A new consumer protection authority would form a new regulatory framework.The financial stability and development commission would have a central bank and a consumer protection authority.Only when the reform of financial supervision mode suits China's national conditions can we ensure economic stability and achieve healthy,rapid and sustainable development of the financial industry.