境外影子银行监管制度的新进展及其启示

目前,境外主要经济体如美英欧和以FSB为代表的国际金融组织出台的金融监管改革方案,都把加强影子银行体系的监管作为其不可缺少的有机组成部分,这是金融全球化条件下防控金融系统性风险积聚和监管套利的需要和必然反映。借鉴境外加强影子银行监管的最新制度安排和变革经验,我国应在结合影子银行体系自身运营特征的基础上,从影子银行的区分、宏观审慎监管框架的构建、微观审慎监管安排的细化与相关监管法律法规的立法完善等方面,加强我国影子银行的监管,使之与传统银行共生互补,更好地服务于我国的实体经济。

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.