A Study On Evaluation And Improvement About Local Government's Financial Regulation Performance

A various of failures existed in Financial markets decide the necessity of government's strengthening financial supervision. In 2008, the financial crisis originated in the United States evoluted into global economic crisis, the root of the problem lies in the lack of governmental financial supervision. In the pattern of the financial globalization, the importance of government financial supervision become increasingly prominent. To enhance the government financial regulation performance and to strengthen government financial regulation performance assessment system construction appears to be more prominent and important. However, as financial regulation performance assesment of China started late,its development is not mature, the performance evaluation of financial supervision just stays at a compliance audit stage. Therefore, taking full advantage of the positive role of government performance evaluation, getting rid of the limitation of traditional budget implementation and the audition of financial revenues and expenditures, strengthening the analysis and evaluation of current financial regulation performance are inherent requirements to push forward the development of financial supervision, also accord with the long-term trend of financial audit development. This article refer to the mature performance evaluation theories and practices in public department around the world to construct the index system structure of the local government financial regulation performance evaluation, design 23 classification index and 66 single parameter, make empirical evaluation for sample government's financial regulation performance assessment, put forward the countermeasures and proposals to improve local government's financial regulation performance pertinently.This paper uses empirical and normative research methods comprehensively, discusses the basic theory of the performance evaluation and improvement of local government financial supervision, researches index system and method of the performance evaluation on local government financial supervision, proposes specific measures to improve the performance of financial supervision. Firstly, expounds the basic theory of performance evaluation on the local government financial supervision, analysis the concept of the performance of local government financial regulation, the essence, function and characteristics of performance evaluation, and its theoretical basis. And then analysis the current situation of the local government financial regulation and performance evaluation,comb the reality practices of local government financial supervision and performance evaluation on of local government financial supervision. At the same time, based on the reflection of performance evaluation on local government financial supervision, construct the performance index system of the local government financial regulation, including the ability to resist the risk index and external governance index. Finally, conduct empirical research on performance evaluation of the local government financial supervision, select finance office of Hunan province as a sample, using designed evaluation index system to do an empirical analysis, and then propose the improvement ways and countermeasures on local government financial regulation based on the results of performance evaluation.Strengthening the research on local government's financial regulation performance evaluation and improvement can contribute to the improvement of lacal government's performance assessment theory and evaluation system to promote the development of local government performance management practice. So as to provide the beneficial reference for deepening the system reform of financial regulation. Then the ability of local government's financial supervision be improved in the situation of financial globalization. The main characteristics and innovations of this paper lie in: firstly, it introduced the performance evaluation of government into the local government's. Secondly, It construct a set of relatively scientific local government's financial supervision performance evaluation system and did empirical studies on the regulation performance of financial institution of hunan province.regulation.lastly, it promote specific countermeasures with pertinency and operability to improve local government's financial regulation performance.