Financial Regulation,Shadow Of Bank And Commercial Bank Risk

The business model of shadow banking in European and American countries is highly securitized and derivatized.The shadow banking business in China is different from that in other countries.The essence of shadow banking is loan business,which is mainly concentrated in commercial Banks.The maturity mismatch behavior of shadow Banks and the behavior of moving the credit assets in the balance sheet have laid huge potential risks for commercial Banks.With the aggravation of the risk of commercial Banks,the financial management department has successively introduced the corresponding regulatory policies to restrain the risk.Therefore,how to curb the risks of shadow banking and whether the stricter supervision will effectively curb the operational risks of commercial Banks have become an important problem to be solved urgently.The purpose of this paper is to explore the relationship between the risks of commercial Banks and the scale and regulatory intensity of shadow banking.Before empirical analysis,this paper makes a theoretical analysis on the risk and regulation of shadow banking.In the aspect of shadow banking risk,the paper analyzes its operating mechanism and main risks.In the aspect of shadow banking supervision,this paper reviews the supervision policies in recent years from three different angles,and summarizes the supervision trend of shadow banking in China.On this basis,the research hypothesis of this paper is put forward.Then,the empirical analysis.This article selects the country's 170 commercial Banks ten years(2008-2018)of the annual report data as sample,from the perspective of the party of capital operation of the shadow banking in table measuring shadow size of commercial Banks,the introduction of new regulatory strength variable,build dynamic panel model,USES the system GMM regression,using Stata software empirically,risk of commercial Banks and shadow Banks in the table size,regulated the relationship between the three.Finally,this paper comes to the following conclusions:First,the faster the growth of shadow banking business in commercial Banks' balance sheets,the greater the operational risks Banks face.Second,the stronger the external supervision,the less operational risk Banks face.At the end of this paper,combined with the above conclusions and the current situation of national supervision,three Suggestions are put forward to standardize the development of China's shadow banking business:(1)strengthen the information disclosure of the shadow banking system.(2)improve risk prevention and control ability and open up a new model of shadow banking development.(3)the strengthening of financial supervision should be accompanied by a prudent assessment of possible risks.The innovation of this paper lies in the following aspects.From the perspective of research,this paper starts with the subjects in the bank table to calculate the micro shadow scale of each bank.At the same time,170 Banks were selected as research samples to avoid such problems as small sample size.From the perspective of research scope,in this paper,the sum of the four items of "inter-bank payment/disposal+purchase of resale assets+available financial assets+ receivables investment" is recorded as the scale of shadow banking in the table,which makes the content of shadow banking in the table richer than before.At the same time,it innovatively sets new quantitative standard for the index of supervision intensity.From the perspective of research content,this paper introduces the variable of regulatory intensity,and studies the scale of shadow banking,external regulatory intensity and risks of commercial Banks within the same framework.However,there are still some shortcomings in this paper,including the subjective definition of the measurement standard of shadow banking,the possible deviation in the data processing of 170 Banks,and some deviation between the quantified supervision intensity and the effectiveness of the actual implementation.