Study On Local Financial Supervision In Lian Yungang City

With the rapid development of economy and the deepening of financial reform,the financial supervision system has developed from the exploratory stage in 1978,to the centralized financial supervision stage in 1992,and to the central and local double supervision system stage in 2008,at the Fifth National Financial Working Conference in 2017,it was made clear that a two-tier financial supervision system would be dominated by the central government and supplemented by local governments,and that the targets of local financial supervision would include "7 + 4" financial institutions,local financial regulation has been gradually given more regulatory authority and a higher structural status.In the face of the difference and complexity of the local financial development,the central financial supervision appears limitation from top to bottom,standardization and unification,and the local financial supervision has more flexibility and accessibility.Under the "Lianyungang municipal reform plan",Lianyungang's local financial regulatory authority was set up on January 21,2019,to clarify the functions and responsibilities of local financial supervision,and to establish a financial risk prevention and treatment mechanism,to a certain extent,the improvement of local financial regulatory documents has strengthened the effectiveness of local financial supervision from the aspects of organization construction and regulation guidance.But at the same time,there are some problems such as the lack of local financial regulation,the unclear power and responsibility of the central and local authorities,the lack of regulation in the emerging financial field and the unsatisfactory effect of local financial regulation.The main causes of these problems are the lack of legislative basis for local government's supervision power,the weakness of local government's financial supervision power,the lack of technical level and professional ability of financial supervision,the development of local finance and the balance of financial supervision.It is suggested that we should perfect the local financial supervision system from the aspects of perfecting the legal system,clarifying the division and cooperation between the central and local authorities,perfecting the mechanism of local government financial supervision system and raising the level of local financial supervision.This paper has 65 references.