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asizing the business objectives of financial institutions and regulatory agencies regulatory objectives of coherence and coordination . Federal Reserve Chairman Alan Greenspan on incentive-compatible regulation made a brief definition : that should be incentive-compatible regulatory compliance , rather than against the investors and bank managers profit maximization objective supervision. The so-called incentive-compatible regulation is actually more in financial supervision in the introduction of market mechanisms . From the international scope of view, in the 20th century , 80 years ago , the market mechanism and the relationship between government regulators actually understand the relationship into a parallel alternative , strengthen financial supervision powers means weakening the power of the market mechanism , thus formation of financial supervision of financial markets repressive features .

With the global market trend of development in the concept of incentive compatibility under the supervision of financial market regulation is no longer a substitute , but microeconomic foundation to strengthen the means of financial institutions , financial regulation does not want to replace the market mechanism within certain ranges , while only from the unique perspective of intervention financial operations , and promote stable and efficient operation of the financial system . Incentive-compatible regulatory philosophy, in the New Basel Capital Accord has been well represented , for example, the new Capital Accord provides for financial institutions to choose the difficulty of different risk management system , while those who choose more difficult financial institutions risk management system , they generally need to be configured to be less capital and thus competition in the financial market more active . In the new Basel framework, financial institutions internal risk management framework in the selection with greater autonomy and flexibility , but also according to different regulators of financial institutions complexity of the business , management, operating results to determine the different regulatory requirements , so as to improve the efficiency of regulation to create the conditions . At present, the relevant legislation did not reflect the incentive compatible regulatory philosophy . Regulatory authorities should convert ideas, legislative and regulatory enforcement in the regulatory process should be fully taken into account and be improved.

China's commercial banks in improving the process of information disclosure system , the regulatory authorities should pay attention to norm -looking , fully taking into account the latest international trends, in order to maintain a certain advance, to avoid blindly follow the trend , and always in a backward situation. As more and more attention in recent years, the Basel market risk and operational risk , increasing emphasis on the role of the internal system , we should also relevant in the information disclosure requirements specification to focus more on the internal system description and evaluation. In addition , the rule is not merely a problem of information disclosure , but also reflects the monetary authorities of regulatory strategies , regulatory policy ideas and dynamic . We can choose our current relatively urgent , important aspects , such as the internal credit risk management techniques , there are destinations require the disclosure of i