Research On The Improvement Of Local Financial Supervision Path

Under the background of the times,local financial industry develops rapidly,not only in the traditional field,but also in the emerging field.Small loan companies,financing guarantee companies,financing leasing companies,pawnshops,regional equity markets,local asset management companies,local investment companies,social crowdfunding institutions,farmers’ professional cooperatives and other local financial institutions have developed rapidly,both the number of institutions and employees have a considerable scale.A variety of local financial institutions have provided a boost for local economic development.The rapid development of local financial institutions also has great risks.In the new era,it is imperative to strengthen local financial supervision and guard against local financial risks.The stability of local financial order is related to the speed and quality of local economic development.A healthy and orderly financial environment and financial order can promote economic development and enhance economic vitality;The disordered financial environment and order will hinder the sustainable development of local economy to a great extent.For the stability of local financial market and the healthy development of economy,it is necessary to strengthen the supervision of local financial institutions,maintain a good financial order,prevent the occurrence of local systemic financial risks,and create a good financial market environment.At present,the problems and deficiencies of local financial supervision in China mainly include: the legal system of local financial supervision is not perfect,the regulatory coordination mechanism is not smooth,there is a certain conflict between strengthening local financial supervision and local economic development,there is a large difference between local financial supervision,the effectiveness of local financial supervision needs to be improved,and the power of local financial supervision Lack of certain supervision mechanism.The improvement of local financial supervision path is mainly reflected in the following aspects:First,improve the legal system of financial supervision.It mainly includes the improvement of the central level financial supervision law and the local financial supervision law.Second,build a comprehensive regulatory coordination mechanism.It mainly includes coordination at the central and local levels,coordination between regions,and coordination between different departments in the same region.Third,pay attention to the balance between local financial supervision and local economic development.Fourth,we should gradually narrow the differences in financial supervision between regions.Fifth,we should improve the efficiency of financial supervision at various levels.It mainly includes balancing local financial supervision resources,improving the means and technology of local financial supervision,improving the concept of local financial supervision,and establishing a long-term development mechanism for local financial supervision talents.Sixth,strengthen the supervision of the local financial supervision authority.It mainly includes legislative supervision,judicial supervision,administrative supervision and social supervision.