The Research On Efficiency Of Chinese Banking Regulations And Supervisions

Under the background of China's New Normal,the reforms of financial supervision system in China have already went through the deep water in Economic.Now the adjustment of the regulatory framework is being put into agenda.No matter what the regulation system how to change,promotion of supervision efficiency will become the essential question.Effective banking supervision is not only the main content of financial regulation reform,but also the premise of a series of important reforms such as interest rate marketization.It is required that the banking regulatory commission must combine with the actual situation of work,raise the level of scientific management,pay more attention to the prudential regulation and improve the regulation efficiency under the economic development of the new normal.In this paper,we conduct a systematic research on the efficiency of banking regulation in our country,aiming to make objective judgment and evaluation for the efficiency of bank supervision,and give suggestions for the improvement of China's banking regulation efficiencyAccording to the development of the current banking industry,the paper based on the theory of financial supervision effectiveness to classify factors that influence efficiency of banking regulation.Meanwhile,combined with the literature research and historical analysis,we review the development history of China's banking supervision.It is not difficult to find that from the “reform and opening up” in 1978,banking regulation efficiency has been significantly improved,but there is still a gap compared with western developed countries.After understanding the historical development of banking supervision,we should base on present,clarify the current banking supervision and find out the existing problems.We should not only have a clear understanding of the banking supervision work during the past and present,but also think about the development of banking regulation efficiency in the future.In accordance with the idea of cost effectiveness,this paper constructs the evaluation system for banking regulation efficiency,which is mainly divided into two big aspects: regulatory benefits and regulatory costs.In terms of regulatory benefits,this paper measures from the three levels of macro,medium and micro.It can be proved through the empirical analysis,banking regulation efficiency has improved significantly since the China banking regulatory commission established in 2003.Of course,there are many other influential factors,like direct costs and the financial crisis,etc.To improve the efficiency of banking regulation,we should still rely on the concept of cost effectiveness,control the regulatory costs at all levels,and keep the biggest possible regulatory benefits at any extent.It is conducive to the overall ascension of banking regulation efficiency.