Abstract: Under globalization, the importance of international financial regulation is self-evident. However, with the deepening of global integration, current international financial regulation has been alienated, and the interest demands of sovereign states integrated into international financial standards (rules) are particularly asymmetric, which may trigger conflicts of international financial regulation among sovereign states. The further study finds that the causes of conflicts are mainly the lack of transparency and democracy at the stage of international financial legislation. In view of this, on the one hand, public participation can be implemented to strengthen the legitimacy of international financial legislative procedures; on the other hand, a hierarchical structure of international financial regulation can be constructed to ensure the legitimacy of international financial legislative procedures while achieving the balanced allocation of power (rights).