Analysis Of Risk Prevention And Control Of Trust Business In The United States

Trust as a special branch, which in the healthy development of the financialsector related to the prospects for the entire financial sector, as well as a popular wayof managing money, but also with the lives of millions of people are closely related.The trust industry with respect to traditional financial services (such as deposits andloans), tend to have a risk prevention and control more difficult. In today’s China,trust business risk control measures not yet in place, which is related to themacroeconomic environment in the trust industry regulatory loopholes, governancefailures are closely related. Since the21st century, while the rapid development ofChina trust industry, the corresponding low level of risk prevention and controlmeasures to stay, there is no doubt that this has seriously hindered the pace andquality of development of the trust industry. While the first country of origin is not aUS trust business, but now, the United States deserved to be the world’s dominantfinancial sector. Currently, the US experienced fiduciary risk control measures, withremarkable results, and its legislation in the trust industry, especially for theprovision of trustee Duty of Prudent Investment Practices Act this one was betterthan most countries, called the fiduciary risk prevention and control the essence ofmany other countries around the world are also local trust business in the UnitedStates a reference for risk control measures. In this article, first by reviewing thecharacteristics of the development process and the development of the trust industryin the United States, then the United States analyzed the risk of the trust industrysources, the funds of the trust industry mainly for the real estate industry, in the formof real estate investment trusts to raise funds, thereby forming risks, and promote theoutbreak of the subprime crisis, after the subprime crisis the United States to furtherstrengthen risk management and control strategy, the formation of certain regulatorysystem, but its regulatory system has some shortcomings, too much emphasis onregulatory philosophy of the market, ignoring should Some financial regulatory targets and regulatory standards are not uniform, the regulatory body does not clearthe United States have led to instability trust industry, and then summed up theexperience in the trust industry in the United States risk supervision measures Finally,drawing on its extensive experience and outstanding Based on the results of riskregulation of the trust industry gives a list of recommendations...