Financial regulatory system, efficiency and change

Author: Qian Xia'an
Publisher:
Publish Date: 2006-10-01
Features: Based on the theories and practices of financial regulatory system reforms both domestically and internationally, the author has determined the fundamental task of this book as follows: Starting from the historical evolution of financial regulatory systems, it conducts a comparative analysis of different forms of financial regulatory systems, including unified regulation, single-layer multi-head regulation, double-layer multi-head regulation, institutional regulation, functional regulation, and objective regulation. It explores the scientific classification of financial regulatory systems and their dialectical development process. By categorizing the scientific connotations and basic elements of various financial regulatory systems, it reveals the essential characteristics of financial regulation in terms of soundness, efficiency, and fairness. Based on the analysis of effective financial regulatory systems, it proposes institutional requirements for effective financial regulation, including clear regulatory objectives, appropriate regulatory standards, sufficient regulatory capacity, appropriate regulatory independence, effective regulatory coordination, and the lowest regulatory costs, etc. It also conducts a functional comparison and institutional analysis of the division of labor and cooperation between financial regulation and monetary policy. This book creatively addresses the issue of measuring the efficiency of financial regulation. By comparing the pros and cons of different financial regulatory systems, it proposes concepts such as the risk system of financial regulation, the monetization rate, and regulatory-related ratios, and conducts an empirical analysis of the industry and regions in China's financial regulation. To explore the goals of China's financial regulatory system reform, this book, while grasping the international trends of financial regulation, is grounded in the realities of China's financial reform and opening-up, proposing the goals, principles, models, and choices of paths for establishing a unified financial regulatory system in China.