Meng Fei, Yu Chunmin: Lawful Guarantee of Financial Supervision Coordination in the Yangtze River Delta

Release time:2020-07-10Author: Meng Fei, Yu Chunmin

The practical urgency of accelerating the coordination of financial supervision in the Yangtze River Delta region: The inter-regional financial capital element flow in the Yangtze River Delta is based on the prerequisite of the coordination of financial supervision in three provinces and one city (Jiangsu, Anhui and Zhejiang as well as Shanghai). The resolution of existing financial risks in the Yangtze River Delta requires joint actions by financial regulatory agencies in three provinces and one city. The prevention and control of incremental financial risks in the Yangtze River Delta needs to optimize the coordination methods of financial regulatory agencies in three provinces and one city.At this stage, the Yangtze River Delta region’s financial regulatory coordination system has shortcomings. The differences in the local financial regulatory systems of the three provinces and one city increase the difficulty of regulatory coordination. The differences in the development of local financial organizations and financial formats in the three provinces and one city reduce the impetus for regulatory coordination. The inconsistent progress in formulating local financial supervision regulations has slowed the coordination of supervision.The optimization of the legal system for the coordination of financial supervision in the Yangtze River Delta: Promote the organization mechanism for the coordination of financial supervision in the Yangtze River Delta. Promote the joint enforcement mechanism of the local financial regulatory agencies in Shanghai, Jiangsu, Zhejiang and Anhui. Establish a framework for financial risk monitoring and early warning system docking. Jointly create a financial ecological environment.