Research on Mechanism Optimization for Fact Verification in Financial Institution Inspections from a Collaborative Governance Perspective: Focusing on the “Face-to-Face Meeting Communication” Model

Abstract

Within the supervisory inspection framework of financial institutions, the fact verification phase constitutes the critical nexus between problem identification and corrective action implementation. Conventional unidirectional and fragmented verification models are susceptible to information distortion, accountability ambiguity, and rectification delays. Grounded in collaborative governance theory and contextualized within the current paradigm of enhanced financial regulation and risk mitigation, this paper conducts an in-depth examination of a collaborative verification mechanism. This mechanism is centered on "face-to-face meeting communication" and integrates three key stakeholders: the inspection department, the inspected unit, and the issue closure department (typically the responsible business line management unit). It emphasizes the concurrent determination of a rectification plan during the fact verification process. This approach aims to foster greater acceptance and cooperation from the inspected unit and to preemptively mitigate delays and disputes during the issue closure phase that often arise from subjective interpretive differences. Through theoretical analysis, mechanism design, case application, and the integration of structured comparative and analytical tables (Tables 1-6), this paper substantiates the model's practical value in enhancing regulatory efficacy, strengthening internal controls, and promoting a compliance culture. It also offers insights for optimizing regulatory policies and institutional internal control procedures, supported by an expanded reference list of 30 sources aligned with international scholarly standards.