Financial Group Supervision Legal Issues

The2008subprime crisis of the United States triggered a global financial shock and caused greatly damage in global financial industry, a serious global economic recession inevitably happened. In the crisis, many large financial groups went to bankruptcy or takeover by government, because of the shortcomings in operating systems making them very vulnerable to crisis, not too big to fail. Simultaneously, it exposed problems with government regulators of the financial groups, every country need to make reform neither in regime nor the legislation, make sure to adapt to the trends of the financial globalization and liberalization.This paper will divide into the following sections to discuss the supervision of the financial group. The first part introduces the background and significance of the article, and the research methods, domestic and foreign research status. The second part did a profound analysis of the financial group, elaborated and compared the definition of the regulation mode. The following third, fourth and fifth part focuses on the financial group’s corporate governance, risk management and international regulatory cooperation. Good corporate governance can make sure the financial group in a good development environment, and risk management is the most important thing in the financial regulation. Regulatory cooperation as a major trend of the world financial regulation, every country and international organization are committed to the establishment of a new international regulatory mechanism, but it still need to improve and develop. The last part of the article analysis the separate operation and separate supervision model of our country, while affirming the advantages of our supervision model, on the bases of china’s current financial development to seek better regulatory system. We’d better learn the advantages of the foreign regulatory model, and proposed a new regulatory reform measure to ensure our financial group’s can live in a healthy and orderly development environment.