Research On Information Island Of Financial Supervision In The New Era And Its Solution

As socialism with Chinese characteristics enters a new era,the external attraction and internal driving force of financial regulation have undergone profound changes.General secretary xi jinping proposed in the group study meeting that the development of China's financial industry needs to implement the following goals: financial services to the real economy,effective control of financial risks and strengthening the reform of financial structure.However,the existence of the island problem of financial regulatory information has posed a serious obstacle to the implementation of the above measures.Therefore,in the context of the new era,reducing the emergence of the information island phenomenon of financial supervision,and designing a financial supervision system in line with the background of The Times will help China to enhance its core competitiveness and ensure national financial security and stable economic and social development.This paper analyzes in detail the formation of financial regulation information foundation,methods and processes,will inevitably cause financial institutions to draw industries managed and supervised respectively their own regulatory information collection,other types of financial institutions that certain types of financial institutions,regulatory information collection without reference to its value and significance,and it makes information island phenomenon continued to exist in the country to monitor the entire financial system in the process.In addition,information silos greatly affect the efficiency of financial regulation in four ways,and the cycle repeats itself.(1)the buffer effect of information isolated island caused the efficiency of the financial regulatory lag phenomenon,this article will join the efficiency calculation formula of time elements,through the analysis of the banking,securities and futures regulators timeliness,it is concluded that the effect of cushion makes the trend of financial supervision from sharp to passivation and even financial regulatory measures implemented,final and complete but because of the role of the effect,cause the efficiency of financial regulation.(2)the unloading effect of information island leads to the phenomenon of reducing the effectiveness of financial supervision.In this paper,the indifference curve is used to analyze and conclude that although the supervision measures are divided into independent measures and implemented separately,the effectiveness is far less than that of the combined measures.(3)the filtering effect of information island leads to the systemic weakening of financial supervision.Because of the filtering effect,the filtered regulatory measures from the supervision layer lose their value,and the overall supervision will be greatly reduced,so it is not surprising that the supervision efficiency will be reduced.(4)the blocking effect of information island leads to the challenge of the authority of financial supervision.In the process of supervision,financial institutions attach great importance to the implementation of the spirit,the implementation of key measures and the completion of the goal.However,due to the blocking effect,the authority of financial regulatory institutions is insufficient,and the above requirements can not be achieved,just like a barrier between the financial regulatory layer and the island of information.At this time,the financial supervision measures basically cannot be implemented,the supervision efficiency also presents the bottom phenomenon.Finally,in terms of solutions,this paper,based on the above analysis,from the three aspects of the crack ideas.Firstly,due to the continuous development of the market,information sharing mechanism must be established.Secondly,we should fully understand the regulatory boundary between departments and make appropriate adjustments to their flexibility.Finally,because the financial regulatory system is multi-layered,it needs to be reshaped.Only by cracking the unfavorable relationship between financial supervision and information island can we achieve the fair and stable development of China's financial industry and the vigorous development of China's economy.