| From the U.S. subprime mortgage crisis in the | | | | But the financial crisis in history has shown that |
| international financial crisis, the world financial system | | | | market changes often leading to regulators, financial |
| and the whole of the economy since the great | | | | innovation and financial supervision is always along the |
| depression most serious trauma. The current financial | | | | "innovation again then the track evolution and |
| crisis has demonstrated the "minimal supervision and | | | | supervision", the lack of the necessary flexibility, |
| supervision is not the best." The root cause of the | | | | behind the pace of innovation, and if the distance is |
| crisis is inadequate supervision. In this context, | | | | too large, it is easy for the crisis. |
| international financial regulation presents some new | | | | As a result of inadequate supervision rules, the |
| development features in the following areas. G20 | | | | principle of supervision by the idea to get more |
| London Summit communiqué stated that all financial | | | | attention. Recently, the United Kingdom introduced a |
| institutions, markets and instruments must be given | | | | principle-based supervision reform. Relative to the |
| appropriate supervision and management. The | | | | rules for rules and standards, process, product, the |
| consensus in the United States and the Christian | | | | principles of supervision is a principle-driven, |
| Louboutin financial regulatory reform programmes | | | | results-oriented manner. Principles of the regulatory |
| have been implemented. The Obama administration in | | | | model to help the UK to maintain a stable financial |
| June 2009 official presentation of the financial | | | | system. At present, many countries have begun to |
| regulatory reform bill, the Senate passed, Obama in | | | | consider the principles into its system of regulation. |
| 2010 was signed on 21 July, Bill explains that the | | | | Financial system, usually the systemic risk exists even |
| United States is developing a more complete and | | | | if the individual agencies trying to control the degree |
| strict supervision system, under the Act, the | | | | of risk itself, but the overall risk is likely to exceed |
| supervision of the Horn almost reached into every | | | | safety limits. In this case, once a risk, they will |
| corner of the area of finance, from the financial | | | | subvert the financial industry as a whole. From this |
| institution's operations, mergers and acquisitions, | | | | financial crisis, the existing financial regulation Wedding |
| mortgage loan origination to the credit ratings, | | | | Shoes only focus on micro-supervision, ignoring the |
| derivatives trading, etc, are included in the ranks of | | | | systemic risks of the financial system. |
| the regulation, in the Bill the Fed's supervisory role has | | | | Macro-prudential supervision of large financial |
| a new location, it was an unprecedented expansion | | | | institutions are usually seen as a whole, and in real |
| of the scope of regulation, regulation no longer | | | | GDP to measure the risk of the entire financial |
| confined to the Bank, but also to all the possible | | | | system in order to avoid the negative effects of the |
| threat to the financial stability of the enterprise, such | | | | financial institutions brought about by the impact of |
| as hedge funds, insurance companies and other | | | | the entire financial system instability. United |
| non-banking financial institutions; to cooperate with | | | | States-enhanced macro-prudential supervision is an |
| the US Federal Reserve Regulation. | | | | important measure is to be raised systemic risks of |
| The Act provides a new set of two institutions the | | | | large financial institutions. The EU has set up a |
| financial stability Oversight Board and consumer | | | | European systemic risk board as an administrative |
| financial protection agency, financial stability Monitoring | | | | departments, identification monitoring, early warning |
| Committee is responsible for monitoring processing | | | | system for the entire financial system risk. |
| system risks, the protection of consumers of financial | | | | This financial crisis before the regulatory trends in |
| services to provide a credit card, mortgage and | | | | Europe and is the central banks and supervisory |
| consumer finance products and services, the | | | | authorities, which resulted in the familiar with the |
| supervision of financial institutions, in order to protect | | | | macro-economic situation of the Central Bank has no |
| the interests of consumers. Supervision of the new | | | | regulatory authority; whereas there is a regulatory |
| law will restrict large speculative trading of financial | | | | authority and does not understand the |
| institutions, in particular the strengthening of Christian | | | | macroeconomic situation, this situation is not |
| Louboutin Shoes financial derivatives; Bank in the | | | | conducive to macro-prudential supervision. Therefore, |
| market for cross-business will be strictly limited. The | | | | enhanced supervision strengthening of the Central |
| United States also require reaches a certain size of | | | | Bank and the supervising authority of communication, |
| hedge funds must be registered in the Securities and | | | | co-operation, a new regulatory trends. European |
| Exchange Commission to strengthen the regulation of | | | | systemic risk Board one of the most important |
| hedge funds. The European Commission believes that | | | | functions is to strengthen the central banks and |
| the future need to strengthen the Bank's risk control, | | | | regulators. The international financial crisis highlighted |
| strengthen the supervision of credit rating agencies. | | | | the cooperation of international financial regulation. |
| For a long time, Europe and the United States the | | | | With globalization, international trade and capital flows |
| basic rules on financial supervision and regulation, | | | | more freely; the Louboutin Sale introduction of |
| adhere to the regulatory authorities to establish clear | | | | electronic trading systems, has changed the |
| and detailed rules for financial institutions within the | | | | traditional trade patterns. |
| rules of that law does not prohibit generally feasible. | | | | |