Problems And Countermeasures Of Lao Government’s Financial Supervision

The implementation of financial supervision by the government is one of the responsibilities of the central government in performing its economic functions.It needs to be carried out according to the background of the times and the level of economic development.This paper summarizes the connotation and content of government supervision and financial supervision,summarizes the theoretical basis of relevant research,analyzes the basic situation of the Lao government’s financial supervision,analyzes the measures of the Lao government’s financial supervision,main studies the Lao government’s financial supervision.To improve the financial volume,summarize the effectiveness of financial supervision in Laos,including breaking the barriers of traditional commercial banks,raising the financial risk resistance coefficient,promoting the optimization and upgrading of the financial structure,and gradually relaxing the financial control to marketization and find that there are many problems in the financial supervision of the Lao government.The main reasons are the late start of the financial industry in Laos.In view of the above problems and the actual situation,the Lao government’s financial supervision needs to improve and unify the understanding of the objectives of financial supervision,improve the mode of financial supervision,attach importance to and improve the efficiency of financial supervision,strictly implement financial separation management,strengthen the construction of financial supervision legal system,introduce and train talents,establish financial market access mechanism,perfect the construction of social financial credit system and security firewall technology,and put forward the principles that the Lao government should follow when establishing financial supervision system and mechanism.Under the background of the new period,this subject studies the shortcomings of the Lao government’s financial supervision,which accords with the realistic requirements of speeding up the financial development and economic development of Laos.And the research can provide important reference significance and reference value for many developing countries.