Research on China's Financial Macro Prudential Regulation and Coordination of Legal System

In China's financial industry, the supervision pattern of separate operation and separate supervision is adopted. And the problem is that the regulatory authorities merely pay attention to the duties performing within their respective permissions, which is likely to trigger that they only focus on micro prudential supervision and the risk considerations of the single regulated financial institution, but to neglect the overall macro prudential supervision. And there are absent identification, monitoring, early warning, prevention and emergency response to the systematic risks in the entire financial industry. In order to construct the financial supervision and coordination of legal system, the entire prudential supervision system on macro and micro level and supervision coordination system shall be rethought and arranged, to develop a more perfect legal system in the way of the orientation of institutional regulation and functional supervision, the coordination between the prudential supervisions both micro and macro. It is hoped that this research can contribute to sound operation of China's financial supervision coordination of legal system and provide legal basis for financial supervision coordination.