The Legal Supervision On Risks Of Internet Banking In China

Internet banking is a new type of bank, produced with the rapid development of commercial business and electronic computer technology and Internet technology, in order to suffice the need of online settlement and pursuing the maxim profit of the bank capital. As a big financial innovation of the banking industry in the technical level, Internet Banking is very important to improve the efficiency and competitiveness of China's banking industry. At the same time, the opening of the operating platform in internet banking enlarges risks of the traditional banking and produces news risks which bring new challenges to the traditional banking supervision. The thesis studies systematically the legal supervision of risks in internet banking and tries to build a more complete legal supervision of risks of the internet banking system. It purpose is to create a favorable legal environment for the smooth development and security of the internet banking, to promote the rapid and stable development of China's internet banking and to enhance the competitiveness of China's banking industry. The full text of about 42,000 words, the main content is divided into five parts.The first part is about an overview of internet banking. Because of the rapid evolvement of standards and models in network banks, the author gives a briefing on the definition of internet banking first of all. Then he analyses the background of internet banking from technical basis, incentives of commercial banks and need for bank competition. Finally, he introduces the development of network banks and sums up the characteristics of the internet banking and the risks of internet banking. This part is the foundation for the follow-up study.The second part is about the legal supervision of risks of internet banking. The author demonstrates the necessity and specificity of legal supervision for internet banking from theories and practices which are about the dialectical relation between the financial security and financial innovation and the theory of financial risk supervision. He also analysis the main contents of the legal supervision of internet banking and introduces the trend of development of the legal supervision of internet banking. This part is a theoretical foundation for the full text of the study.The third part is about the comparison of the legal supervision of the internet banking in other countries and regions. It is worth to learn from the experience of legal supervision of internet banking because of the developed information and improved laws and regulations in western developed countries. Besides, internet banking in Singapore and China's Hong Kong are very developed and their legal supervisions are also effective. The author selects the United States, the European Union, Singapore and Hong Kong region of China as study object and gives the overview the legal supervision of internet banking in above countries and regions. Then, the author comparatively studies the legal supervision of network bank in above countries and regions and concludes their experience and the enlightenment to China from Regulatory objectives, principles of regulation, supervision and management system.The fourth part is about status and existing problems of legal supervision of risk in China's internet banking. The author introduces the status of legal supervision of risk in China's internet banking from the main body of regulation and supervision law of internet and analyses issues existed in legal supervision of internet banking. Then, he points out that it is not good to ensure the safety and promote the development because of the absence of legislation in China's information and the faultiness in the system of legal supervision of risk in China's internet banking.The fifth part is about the perfection of legal supervision of internet banking. Based on previous research findings and contacted the risk and the legal supervision of China's internet banking, the author gives ideas about how to construct the system of legal supervision of China's internet banking. The focus in this part is the legislation guiding ideology and basic principles of legal supervision of China's internet banking and specific measures to improve the legal supervision of China's internet banking.