The status quo of Chinese banks' disclosure can't correspond with the deepening market economy of socialism and the trend of finance supervision, goes against the healthy development of banking and effective supervision of the authority.
In order to maintain China’s financial security, it is necessary to draw on international experiences and establish a complete and efficient payment system oversight mechanism in conformity with features of China's payment system on the base of current financial supervision and regulation.
The better understanding of the experience of international cooperation of financial supervision and regulation could be significant to the stable and healthy development of financial industry in China.
5、Basic train of thought and main contentsStarting with effective financial supervision and regulation theory,this article analyze the information restrictions in financial supervisionand regulation by way of principle-agent theory, and indicates that seriousinformation restriction is the cause of lowly effective financialsupervision and regulation in China.
Next, there are significant economies of scale in financial supervision, though this can be measured by several alternative variables (e.g., the relative scale of bank intermediation).
We propose a path dependence approach to study the single authority versus multi-authority dilemma, considering the level of financial supervision consolidation as the dependent variable.