A Comparison of International Shadow Banking Regulations after the Sub-prime Crisis

Since the breaking of sub-prime crisis major developed countries and international organizations have issued plans of financial regulation reform' in hope to bring shadow banking system under their regulatory framework and thus to control and minimize systemic financial risks.This paper makes a comparative analysis of the financial regulatory system improvements in the major developed countries as well as an examination of new reform trends and the features' defects and shortages of the reform plans.On that basis it attempts to search an effective approach for shadow banking system regulation and therefore offer advices for improving China's financial regulatory system with better shadow banking regulation.