Supervision And Countermeasure Research Of Our Shadow Banking

People gradually began to focus on shadow banking since US outbroke the subprime crisis in 2008.Economist Paul Krugman first proposed the lack of effective regulation affect banks in the financial marketin 2009.Compared with traditional banking, latest studies found that the operate way of shadow bankings are more flexible, more emphasis on financial innovation, but this is accompanied with a higher risk, which had a very negative impact on the stability of the financial system. In 2011, Wenzhou billionaires run away.In 2012, a number of investment guarantee companies in Zhengzhou were in trouble and private lending of Ordo was in crisis.In 2013, the private lending riches myth of Shenmu in Shaanxi Province collapsed. In China, microfinnce, trust companies and pawn shops with financing have some other banking functions,such as liquidity transformation, which is to meet the market demand and the emergence of financial innovation under conditions while risks whick was sociated with shadow banking has been gradually appeared.After the subprime mortgage crisis, the United States found loopholes in the regulatory system, so they released the new regulatory bill-"the Wall Street Reform and Consumer Protection Act in 2010."Lord Turner, FSA chairman,read out "Turner Report, "who made a bold proposal to rebuild the financial system. EU response to the global financial crisis, who announced the "EU regulatory reform" to establish an integrated regulatory system. China’s State Council issued the "State Council on strengthening the supervision of shadow banking issues related issues," in 2013, which is called to strengthen the work of risk prevention and control. Our shadow banking supervision is becoming increasingly difficult with the expansion of cross-industry businessthe, so we have to improve our regulatory system to adapt to the market.Through the current regulatory difficult we are faced,we should propose more advice on the future path of our regulatory by comparison between China and the United States, Britain and the EU.