The Enlightenment of International Financial Regulation Reform——A Case Study of U.S.and European Financial Regulatory Reform

In recent years,the most remarkable phenomenon emerging in international finance is financial globalization.Financial innovation is the motivation in the development of financial market and the financial innovation risk is the inevitable result of it.Innovation and effective supervision should be combined together.China should improve its macro-prudential regulation system,promote the system of financial regulation,expand the areas of financial regulation to financial consumer protection and promote the steady development of the financial system.