The Countermeasures Research For Enhanceing The Level Of Chinese Banking Supervision By External Auditor

Bank is one of the most important financial institutions, is the core of the financial system, and the strengthening of banking supervision is the most important job of financial work. After the outbreak of the global financial crisis in2008, to the response of the crisis, the countries of the world are urgently facing new bank regulatory challenges.Away from the center of the financial crisis, not deep involvement in financial globalization, and thus relatively crisis-affected shallow does not mean that China’s banking regulatory agencies the ability to deal with these challenges has reached the average level of the industry and keep up with international accepted standards. Multinational operations, even mixed operation (ie, across banking, insurance, securities, and other industry operators) has become the development trend of the international financial sector. In contrast, China’s banking regulators are subject to various constraints (such as territorial jurisdiction, the separate jurisdiction and the constraints of the legislative system, etc.) copes with less. At present, although the bank regulatory agencies have realized the need and the urgency to embrace change, but due to the lack of necessary knowledge, technology and human resources, regulatory measures are still looked pale and weak.At the same time, the outbreak of the international financial crisis, various financial cases occurred frequently and the continuing escalation of the nature of the case, also contributed to the bank regulatory agencies to fully understand the operational risks of the financial industry, in order to rapidly improve the level of internal control of the entire financial sector enterprises by developing domestic regulatory, reference implementation internationally accepted regulatory standards more actively. It can be expected, with the various standards of the international financial sector regulators, prevailing standards, international agreements and international forum content greatly enriched our banking regulators need to quickly enter and become familiar with an unprecedented and unknown areas. In this situation, seeking the help of the external audit by an independent third party, such as the expertise to registered accountants and auditors, etc., will become the effective bridge for bank regulatory agencies enter the new field, fill knowledge gaps and improve management efficiency.