| From the beginning of the 1970’s - 1980’s, many countries as the relaxation of the financial regulation and financial technology and network technology revolution, significant changes have taken place in the global financial System, especially the U.S. financial System happened in traditional Banking model "retail and hold" change to "create and wholesale" give priority to the new Banking model, to the global credit financial model evolved from a traditional bank leading to hidden behind the securities lending similar to a "Shadow Banking System " to provide a new financial System arrangement. Including investment Banks, hedge funds, money market funds, bond insurers, structured investment vehicles such as shadow Banks in the rapid expansion in recent years, and free from the existing regulatory system. Flourished in bring financial markets at the same time, the rapid development of the shadow banking and high leverage to the whole financial system has brought enormous financial fragility, and directly caused the worst since the great depression of the global financial crisis, has significant impact on the global economic and financial development, led to the shadow banking system development, risk and regulatory reform of deep thinking.In recent years, with the rapid expansion of the total financial diversified development financial structure, financial products and financing tool innovation, fast development of China’s shadow banking, especially in the past years, on the edge of the shadow from a bank, credit market, and is now an important main among economy, played an important role in the middle of the economy. But because it is not subject to regulatory constraints, combined with the weak consciousness of risk prevention, risk hedge management ability is insufficient, the stable and healthy development of economic and social have larger potential threats. Research of our country’s shadow banking system development present situation and existing problems, and to guard against the shadow banking system risk, perfecting our country’s financial regulatory system, maintaining financial stability has important practical significance. Article is divided into five chapters:in the first chapter introduces the selected topic background and significance of this article, and briefly expounds the domestic and foreign scholars in related fields of some important research results and research idea of this article. Based on risk analysis of shadow banking in our country, expounded China’s shadow banking regulatory status quo and existing problems, and to sum up the experiences of international regulation at the same time combines the actual conditions of China’s financial supervision, to perfect our country for the shadow banking supervision countermeasures. The second chapter of this article mainly expounds the research of scholars both at home and abroad to the definition of shadow banking, as well as the composition and characteristics of shadow banking, analysis the problem of shadow banking and its fragility. The third chapter of this paper mainly summarizes the basic theory of the shadow banking in our country. Firstly expounds the development of the shadow banking in our country, and summarizes the characteristic and the manifestation of the shadow banking in our country. Mainly analyzes the present situation and existing problems of the regulation of the shadow banking. The fourth chapter mainly introduces the present situation of foreign shadow bank in regulation and enlightenment to our country. To the United States, Britain, the European Union, the financial stability board for shadow banking regulatory measures are analyzed, and summarizes the current international reform measures to strengthen the regulation of the shadow banking, draw lessons from international experience and combining with China’s actual to develop China’s shadow banking regulatory measures. The fifth chapter mainly aimed at the problem of shadow banking supervision in our country are also proposed. First of all, in terms of perfecting the countermeasures of the shadow banking regulators, it is suggested to correct and reasonable guide the shadow banking development, sets up the concept of functional supervision, progressive promoting financial product innovations. Secondly in terms of perfecting the shadow banking self-discipline, to improve the shadow Banks internal control mechanism, and set up a firewall between the shadow Banks and commercial Banks. In terms of perfecting the market discipline, to improve the system of information disclosure, establish covers shadow banking laws and regulations. Finally, actively promote the market interest rate changes. |
