Research On Legal Problems Of Private Banking Of Financial Institutions

Private banking in China for the first time since2005, with the advantages of its high yield and low risk, quickly attracted domestic financial institutions and large investors, Banks have established a private bank business and actively promote the related business. With the rapid development of our economy and high net worth population expanding, presents the private banking is booming. But in current China, private banking is still belongs to the emerging things, relevant laws and regulations is not sound, itself has the characteristics of immature, uneven, has entered the bottleneck of development period. In the key period of the reform and development of domestic financial industry, perfect relevant laws and regulations and the private bank as soon as possible of the growing importance of regulatory system. This article mainly aimed at restricting the development of private banking study of several important legal issues, is committed to building a perfect legal system of private banking framework, for the development of the private banking is to provide a good legal environment.The article text is divided into four chapters:The first chapter introduces the origin, definition and characteristics of private banking, and on this basis on private banking and personal finance business of two concepts, comprehensive understanding of what is the private banking. Secondly sums up the present situation of the legislation of private banking in China, provide legal basis for later research.The second chapter analyzes the private banking development in the three major legal issues, namely the legal definition of financial institutions and customer base, the conflict between privacy and anti-money laundering obligations, financial separate operation and supervised respectively on the influence of the private banking. From the cause of the problem, process and results for legal reasons which restrict the development of the private banking in China.The third chapter is mainiy through to Switzerland, the United States, the general situation of the legal system of private banking in Singapore to study, explore these developed countries and regions in secrecy and financial regulatory system and legal system of anti-money laundering of the advanced legislation experience, and on this basis, summed up the similarity of the legal system of foreign private banking. Has a long history, thanks to the development of foreign private banking system, study the system of great significance to our country.The fourth chapter mainly puts forward, according to the above analysis and study on legal advice to promote the development of private banking in China. This part which is based on our country development present situation to improve the legal system of our country’s private banking.