Financial Regulation Mode And The Choice Under The Trend Of Intergration Of Financial Industry

Since the1980s,there has been a revolutionary and profound change in the field of international finance.Now integration of financial industry has been a worldwide dominant trend.With the change of financial system,a profound change must happen to the financial regulation mode.In recent years,our county's financial pattern has changed a lot with the advance of financial deepening.Limit of separate operation is being broken through little by little. On the other hand,as far as the financial regulation is concerned,obviously the new financial instruments and institutions with characters of integration of financial industry can't be supervised effectively under the separate regulation mode.So it is a must in China that the present financial regulation mode be adjusted or reformed suitably.With regard to the choice of future financial regulation mode,we should establish and strengthen financial regulation authorities and systems concerned according to our specific national condition and developmental stages of integration of financial industry,using adequately foreign experience for reference.The financial regulation should gradually transit from institutional regulation to functional regulation,and from diverse regulation to single regulation by the principles of functional regulation,regulation information sharing and appointing regulation coordinator.