国际影子银行体系监管及其对中国的启示

China and an International Supervisory System for Shadow Banking

本文从影子银行的定义和信用中介功能出发,测算和分析了影子银行的规模与风险,并介绍了国际上对影子银行体系进行监管的要素和措施。对于中国这样的发展中市场来说,如何借鉴国际经验,摸索出"适度监测"的符合中国实际的道路,掌握并控制影子银行风险,这给金融监管带来了一定挑战。

This article tries to define shadow banking and the role of credit intermediaries, while reviewing the scale and risks. It also gives an introduction to the international efforts to supervise shadow banking and examines the supervisory measures employed. For developing countries like China, it is important to learn from international experience and explore 'appropriate supervision' that is in line with China's actual conditions. It is a challenge for financial regulators to be familiar with shadow banking and control the risks.