The relationship between financial innovation theory and financial supervision evolution
- 10.2991/iemb-14.2014.20How to use a DOI?
- Financial innovation, financial regulation, development
Since the late 1990s, the development of financial innovation theory and practice has proved that financial risk is also a "resource" available, and there are also "resource allocation" of risks. Marketing allocation of risks can save social capital resources. With the intensification of information technology and competition, social and economic functions of financial institutions gradually "evolved" into a dual role as the main intermediary for allocation of financial resources and the body of allocation of financial risks. Accordingly, the marketizations of financial risk allocation become a useful supplement to financial regulation, and financial innovation has become an important means of providing financial regulatory efficiency. China's financial regulatory system should pay attention to the complementary relationship between financial innovation and financial supervision, regulate and encourage the development of financial innovation.
- © 2014, the Authors. Published by Atlantis Press.
- Open Access
- This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).
Cite this article
TY - CONF AU - Cheng Yao PY - 2014/09 DA - 2014/09 TI - The relationship between financial innovation theory and financial supervision evolution BT - Proceedings of the 2014 Conference on Informatisation in Education, Management and Business PB - Atlantis Press SP - 72 EP - 74 SN - 2352-5398 UR - https://doi.org/10.2991/iemb-14.2014.20 DO - 10.2991/iemb-14.2014.20 ID - Yao2014/09 ER -