The Comparative Study On Domestic And Foreign Shadow Banking Supervision

After the economic crisis in 2007, with the continually deep study of the economic crisis, it was found that the economic crisis was caused by the financial deregulation. Then many countries began to promote the reform of the financial regulatory system actively, the world’s financial supervisory authorities will undoubtedly strengthen and improve the supervision of shadow banking as a priority. The development of China’s financial market is slow. The level of financial innovation is low. And a mature market economy hasn’t formed in our country like that in United States and other developed economies. However, large scale shadow banking has existed in our country. The risk of the shadow banking is accumulating. Strengthening and improving the supervision of shadow banking is an important task.Based on the international practice basis of the analysis of the shadow banking supervision, this article aims to provide help and inspiration for our financial supervision, and to provide reasonable suggestions for the development of regulatory policy. Firstly, to establish the theoretical foundation for the shadow banking supervision, the definition and characteristics of shadow banking were introduced, and the theories and researches of the shadow banking supervision were summarized. Then, to provide policy recommendations for Chinese shadow banking supervision, based on the above work the histories and current situations of the shadow banking supervision in the United States, Britain and the European Union were further summarized, the regulatory status of China’s shadow banking and problems were considered, and the differences of shadow banking were compared between our country and other countries.In this paper, the research was divided to six parts:First part:introduction. The background and significance of the shadow banking supervision was introduced. The research status was summarized. Then basis on this the research content and research methods was stated, and the shortage and innovation of this research were analyzed.The second part:the supervision concepts and theoretical basis of the shadow banking. Firstly, on the basis of the domestic and foreign researches on the definition of shadow banking, several typical definitions of the shadow banking were summarized, and then the characteristics of the shadow banking and its regulatory reasons were described. The theories of the shadow banking supervision were further summarized. These works provides theoretical foundation for further analysis of shadow banking regulatory issues.The third part:the development and current situation of the shadow foreign bank supervision. In this section the shadow banking supervision processes in the United States, European Union, United Kingdom and other developed economies were combed. They were divided into two stages:loose supervision and strict supervision after economic crisis.The fourth part:empirical study of the shadow banking supervision. In this part, the causes of the shadow banking, the risks of the shadow banking and the effect of the shadow banking on the economic development were analyzed. The necessity of the regulation of the shadow banking was illustrated. It is necessary to avoid risks and prevent extremely strict supervision. The current situation of the shadow banking supervision in our country was described.The fifth part:the comparison and analysis of the domestic and foreign shadow banking supervision mechanism. Since the development of the shadow banking in various countries were in different stages, and shadow banking supervision policies in various countries were different, in this part the shadow banking regulation in various countries were compared, then the issues of the shadow banking supervision in our country were presented.The sixth part:the recommendations for our shadow banking policy. In this section, based on the shadow banking issues in our country problems and the lessons learned from other economies, the reasonable policies were recommended.In the process of article composition, the standard research, comparative analysis and quantitative research methods were used. In this article, the qualitative research was used as a principal method, while the quantitative research was used as an assistant method.