This report outlines the process and the features of the world financial supervisory reform in 2011. It focus on the seven main aspects of the world financial supervisory actions, which includes joint declaration in G20 Cannes Summit, macro-prudential supervisory tools and policy framework, SIFI supervision, progress in Basel III reform, monitoring the sovereign risk , supervision reform on credit rating agencies, and shadow banking regulation issues. Considering the complex conditions of the future global economic recovery,it argues that the main advanced economies will continue the supervisory reforms while more carefully weighting the factors among the reforms steps, financial recovery and the sovereign debt risk alleviation. <<