Research on China's Financial Macro Prudential Regulation and Coordination of Legal System

DOI

10.2991/icemse-17.2017.26How to use a DOI?

Keywords

Separate Supervision; Regulatory Vacuum; Regulatory Coordination; Systemic Risk

Abstract

In China's financial industry, the supervision pattern of separate operation and separate supervision is adopted. And the problem is that the regulatory authorities merely pay attention to the duties performing within their respective permissions, which is likely to trigger that they only focus on micro prudential supervision and the risk considerations of the single regulated financial institution, but to neglect the overall macro prudential supervision. And there are absent identification, monitoring, early warning, prevention and emergency response to the systematic risks in the entire financial industry. In order to construct the financial supervision and coordination of legal system, the entire prudential supervision system on macro and micro level and supervision coordination system shall be rethought and arranged, to develop a more perfect legal system in the way of the orientation of institutional regulation and functional supervision, the coordination between the prudential supervisions both micro and macro. It is hoped that this research can contribute to sound operation of China's financial supervision coordination of legal system and provide legal basis for financial supervision coordination.

Copyright

© 2017, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

Download article (PDF)

TY  - CONF
AU  - Youfang Jin
PY  - 2017/12
DA  - 2017/12
TI  - Research on China's Financial Macro Prudential Regulation and Coordination of Legal System
BT  - Proceedings of the 2017 2nd International Conference on Education, Management Science and Economics (ICEMSE 2017)
PB  - Atlantis Press
SP  - 107
EP  - 110
SN  - 2352-5428
UR  - https://doi.org/10.2991/icemse-17.2017.26
DO  - 10.2991/icemse-17.2017.26
ID  - Jin2017/12
ER  -