The U.S. Financial Supervision Reform after Financial Crisis and Its Implications

The financial crisis heavily hits the global economy and makes many countries carefully examine their own financial supervisory systems.To strengthen financial supervision becomes a common consensus.Although Chinese financiali ndustry is not heavily hit by the financial crisis,the continuously emerging financial innovations are severe challenges toC hinese current approaches of separated financial supervision and supervision joint conference.This paper argues thatt here are such problems in Chinese current financial supervision:functional loss,supervision joint conference missing decision-making functions and the capacity of decision-making,separation of financial supervision and financial regulation,e tc..Therefore,the paper proposes that,to improve Chinese current financial supervision,it is necessary to clearly definet he rights authorized by laws and set up a coordinating body with clear legal rights.