The specialization of financial consumer protection authority

The specialization of financial consumer protection authority is the legislative and enforcement trends of setting up an authority responsible for financial consumer protection. Its theoretical basis is closely related to Twin peaks theory、specialization and evolution theory、power balance principle and avoid conflicts of interest theory. Since the subprime mortgage crisis,enhanced the financial consumer protection become the important part of all countries' financial supervision reform,the specialization of financial consumer protection authority become a trend in the world. We should improve the legislation to provide a basis for setting up a financial consumer protection authority. The authority is an administrative agencies with budget、personnel and operational independence,and executing the functions of enacting regulations、education services、complaint handling and so on.