On The International Cooperation Of Financial Derivatives Trading Supervision

The rapid development of financial derivatives trading has broken the tradition of international financial markets,not only changing the global financial markets,even changed our life. Because of financial derivatives is a important representative of financial innovation, high complexity makes it difficult to understand and manage, when it brought huge income for the society, also provides high risk; in addition to its high degree of leverage of function, resulting in the rapid spread of risk may lead the global financial crisis. In the global economic crisis caused by subprime crisis, financial derivatives plays a very important role in growing and spreading the crisis. Thus, exposured to financial globalization,how to make financial derivatives transactions more reasonable, the supervisions are more effective,and how to carry out international regulatory harmonization and cooperation, reduce financial risk, it has an important significance and theoretical significance.The main line of this article is the international cooperation of financial derivatives trading supervision,and research the existing international regulatory cooperation as a focus,so to find the current problems, and has put forward several piece of advice for the improvemen.In addition to the introduction, This artiele is composed of four parts.The first part is describing the status of financial derivative trading, analyse different definitions given by the international organizations and countries on financial derivatives ,clearly define the concept of financial derivatives, and compare the characteristics. At the same time, it has analysed the foundations of international cooperation of the financial derivatives trading for legal supervision from the theoretical and practical perspectives, through the Bank for international settlements, the international swahieps and Derivatives Association, and other international organizations has got achievements in the field of financial derivatives trading supervision of international cooperation, to understand how to improve and build new supervisory cooperation mechanism.The second part analyses the problem of international cooperation. Comments on regulatory cooperation, mainly on regulatory cooperation in thinking level, mechanisms, and specific regulatory rules, in order to explore the root cause of international cooperation, and seek ideas and breakthrough point.The third part is the advise to improve the supervision of international cooperation mechanisms. Although the countries have agreed to carry out cooperation, but also needs to reach a further consensus. By establishing a bilateral, regional and global organic of multiple levels of financial derivatives transactions in the international system, it will have a effective supervision.The fourth part is pointed out the problems of our regulatory cooperation ,seek the theory and practice of supporting of international cooperation,and gives some suggestions to solve the problems of international cooperation in our country.