The legal improvement of information disclosure mechanism in the disposal of crisis banks in the"Financial Stability Law(Draft)"
For the first time,the"Financial Stability Law(Draft)"has raised the issue of information disclosure in the disposal of financial risks to the legal level.As a hot topic in the field of financial regulation,information disclosure permeates various aspects of financial supervision,including the disposal of crisis banks.Given the unique nature of commercial bank operations and their position in the national economy,there is a greater need for transparency in information disclosure of the commercial banks.This is especially true during the disposal of crisis banks where information disclosure is crucial for financial security and stability and holds significant importance in preventing and mitigating financial risks.In China,the disposal of crisis banks,represented by the case of Baoshang Bank,still faces issues such as the lack of comprehensive legal rules for information disclosure,a lack of transparency,the need to enhance standardization,and a lack of risk warning.There is an urgent need to improve the relevant regulations with a focus on enhancing transparency.This includes improving the normativity of information disclosure from the perspectives of subjects,methods,and content,establishing a risk warning mechanism,and emphasizing the continuous evaluation of the effectiveness of information disclosure after crisis disposal.These measures aim to contribute to the enhancement of the information disclosure mechanism for crisis bank disposal in the"Financial Stability Law(Draft)."