Shadow Banking And Regulation Research Based On The Perspective Of Process Analysis

Since the nineteen seventies, with the innovation of electronic information and financial technology, the global financial industry has entered into a period of high speed development. No matter in European and American countries or in China, the status of non-bank financial institutions in the financial system becomes more and more important, and relative to the traditional bank system, the concept of shadow banks comes out.In2013, academic has built a full understanding of the shadow banking system. As a supplementary mechanism system of the traditional commercial bank system, shadow banking system can help build a diversified financial system, improving financial operation efficiency. Although shadow banking system regulation in different countries have different emphases, the key to this issue is to improve the shadow banking efficiency while control the risk.Based on the current domestic and foreign scholars’research results, this paper gives the definition of the shadow banks and compares the development path of the shadow banking system of domestic and foreign models, analyzes their characteristics and their risks.This paper seizes the key elements:credit intermediary function, to define the shadow banks. Comparing the shadow banking system credit business process and traditional banking credit business process, the paper gives a general process of shadow banks.Based on the general process of shadow banks, this paper analyzes three models of Chinese shadow banks credit business process from the perspective of different business segment and risk, also, this paper gives the advice for the risk control.At the same time, considering the multiple development of Chinese financial system, this paper focuses on the shadow banking system credit creation process analysis of America. Based on the analysis of the cash flow and the assets flow, this paper analyzes the diffusion of risk in the shadow banking system. Considering the regulation of the shadow banking system, this paper put forward the innovative concept of the shadow banking system complexity index. Through the process of building complex index of credit creation, this paper provides indicators for the complex degree of shadow banking system to the regulatory institutes and investors, thus, simplify the difficulty to understand the shadow banking products.Above all, this paper analyzes the shadow banking system from the process prospective and gives advices on shadow banks regulation. In the sense of improve the shadow banking efficiency while control the risks, this paper has practical significance to the regulation and investor education.