Key Subject of Insititute of Finance and Banking, CASS : Research reviews and annual dynamic of financial regulation

    Presenter: Hu Bin

    With respect to the development of other financial theory, financial supervision theory has always been lack of relatively systematic and perfect system, at least no universal and dominant core theory up to now. From the perspective of the evolution of theories, financial supervision theory based on regulation practice is closely related to financial development stages and era features, but lags behind financial innovation at large. Since the global financial crisis caused by the U.S. subprime mortgage crisis, the drawback of financial regulation has been seen as the root of the crisis. Countries took action to reviewing and reforming their financial regulatory system and putting forward a series of improving measures such as strengthening the macro-prudential regulation of systemic risks, intensifying the financial stability function of monetary authorities and promoting the coordination and cooperation of international financial supervision. The implementation of these reforms is not only the practical innovation, but a significant reform of financial supervision theory indicating the developing direction and trend of it. Therefore, it is theoretically important to card and analyze financial supervision theory especially the latest trend for enriching, improving and innovating of financial supervision theory.