Analysis Of America And Britain Launching A Series Of Financial Regulatory Reform In Post-crisis

For more than one year we have experienced a correction process of unsustainable trends in the financial sector. This correction process has deepened-in particular since Lehman Brothers filed for Chapter 11 bankruptcy protection on 15 September 2008-as regards its magnitude and complexity and has evolved into a fully fledged financial crisis. The recent intensification has increased the fear of a global slowdown and has also further negatively affected the outlook for economic growth in the euro area.The crisis started in the US with rising delinquencies in the subprime mortgage market which triggered turbulences in the subprime mortgage-backed securities market. These tensions then spread to other asset-backed markets, money markets, and financial institutions, with further effects gradually being felt in other market segments, across borders, and in other economies.Financial crises have macroeconomic level reasons, for too many years financial market participants were used to a macroeconomic environment with high global output growth, low inflation and very low interest rates, also have microscopic market behavior level reason, namely the financial innovation is mainly manifested in the credit risk transfer tool surprising expansion, these tools will credit risk as a class of individual assets perform transfer, hedge and active trading, the form and content is very complicated and enlarged the pace of innovation. Important is crisis exposed the present financial regulatory system flaw. After the crisis era, crisis severe America, UK and other launched a series of financial regulatory reform. Current world financial regulatory basically have two kinds of patterns, namely supervised and supervised. This article chooses the representatives of sector-regulation United States and integrated-rugulation to their current on behalf of Britain, the financial regulatory system is also reviewed, analyzed the two countries in financial crisis in the financial regulatory exposed problems between the two countries, summarizes the financial regulatory reform process and reform framework, compared the differences and similarities between the two countries and the reform of the influence of other countries, on the basis of analyzing the present problems existing in the financial regulatory system, and draw experiences and lessons, and puts forward relevant Suggestions for improvement, and makes our in the new historical conditions to better grasp the reform direction of financial supervision, science and deal with financial innovation and stable, freedom and risk relation, which aimed to make a more stable and efficient financial system.