Research On Legal Regulations Of Shadow Banking

Shadow banking is a banking system of credit intermediation, which is free fromthe traditional financial entities and activities. It provides more fund-raising optionsfor market bodies, and is the product of financial innovations. The shadow bankingsystem is considered to be the cause of the2008financial crisis because of the lack ofregulations. The United States, the European Union and FSB started the legislativereforms, released a large amount of bills, reports, research results and other literaturesand legal documents, and implemented a series of regulatory measures aftersummarizing the causes of the crisis.China also exist the shadow banking system in the current. The most narrowdiameter only includes bank financing business and trust companies; narrow diameterincludes the former, finance companies, auto finance companies, financial leasingcompanies, consumer finance companies and other non-bank financial institutions;Wide caliber including narrow diameter, interbank business, entrusted loans, such asthe table business, financing guarantee companies, small loan companies and pawnshops and other non-bank financial institutions; And the most wide scope includingwide caliber and folk lending, this paper approved by the widest diameter for theanalysis of shadow banking.The paper is divided into four parts: the first part is an introduction of backgroundand significance of this article’s topic. The second part is the definition of shadowbanking, the analyzing the relevant of the shadow banking theory and introducing theforms of China’s shadow banking. The third part analyzes the shadow bankingregulation characteristics of the United States, the European Union and theorganization, focusing on laws and files, reviewing and summarizing the shadowbanking supervision in the implementations of the reform of the international legalmeasures. Part four is based on the theoretical and comparative research, analyzingthe forms and regulatory status of shadow banking, discussing how to construct our country’s regulatory framework, from the legislation, macro-prudential regulation andother aspects, the author thinks that feasible Suggestions are put forward.