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Academic Journal of Humanities & Social Sciences, 2020, 3(3); doi: 10.25236/AJHSS.2020.030308.

A Comparative Study of Financial Supervision System between China and Britain from the Perspective of Macro Prudential

Author(s)

Wu Yuyu

Corresponding Author:
Wu Yuyu
Affiliation(s)

Anhui University of Finance and Economics, Bengbu, 233030, China

Abstract

After the outbreak of the global financial crisis in 2008, countries around the world pay more attention to the prevention of systemic financial risks, and have made a lot of useful exploration in the construction of the framework of macro prudential supervision. In view of the fact that the system established on the basis of the separated supervision mode in China is not suitable for the requirements of macro prudential supervision, the British government has constructed the macro prudential supervision framework of "super central bank + double peak mode" through a series of reforms. This paper makes an in-depth analysis and comparison of the financial supervision systems of the two countries, and puts forward policy opinions on the improvement of the current "one bank, one committee, two committees" system in China.

Keywords

macro prudential regulation; bimodal model; comparison between China and Britain

Cite This Paper

Wu Yuyu. A Comparative Study of Financial Supervision System between China and Britain from the Perspective of Macro Prudential. Academic Journal of Humanities & Social Sciences (2020) Vol. 3, Issue 3: 64-71. https://doi.org/10.25236/AJHSS.2020.030308.

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