Theory of Construction of Financial Service Integration Law: From the Protection of Investors to That of Financial Consumers

In the context of financial innovation's continuous development as well as the incessant deepening of financial liberalization,there has been an increasingly louder call for the conception of protecting financial consumers.Expansion from the protection of investors to that of financial consumers,which is also set as the basic framework of financial legal reform and supervision,has become a significant trend of the financial legislation for many countries in the pre-financial and post-financial crisis period.The point is to bring investors into the protection scope as financial consumers and establish a dual protection system whereby investors are flexibly protected at different levels during the course of realizing transverse and integrated regulation.More specifically,with a focus on financial consumer protection,a dynamic,stereoscopic,organic and unified financial service integration legal system needs to be established from three aspects,including financial production(service),protection mechanism and dispute settlement mechanism.