The Recent Advances in the Supervision of Shadow Banking Abroad and Their Enlightenment to China

Recently,the world′s major economies such as the US,UK and EU,and the international finance organization such as the FSB,have issued a number of financial regulatory reform schemes.These schemes all regarded the strengthening of supervision of the shadow banking as their indispensable parts,because it is the inevitable reflection to prevent the accumulation of the systemic risks and regulatory arbitrage in the finance globalization.So,we should draw on the institutional arrangements and experience of reform on shadow banking abroad and intensify our supervision of shadow banking on the basis of their operational characteristics.Concretely speaking,we should divide the category of shadow banking,construct the macro-prudential supervision framework,refine the micro-prudential supervision arrangements and perfect the relevant regulation legislations.Only in these ways,can we ensure the shadow banking in our country to become the good complement to the commercial banks and serve the real economy more better.