CAJ | 학술논문

＂影子银行＂泛指游离于传统银行监管体系之外的信用中介。影子银行在推动金融创新的同时,也加剧了金融体系的脆弱性和系统性风险。次贷危机的爆发,使影子银行的风险及其监管问题成为国际社会关注的一大焦点。针对危机中暴露出的监管问题,美国和欧盟相继出台了金融监管改革法案或相关指令将影子银行纳入其监管框架,并加大监管力度;FSB则强调从宏观和微观两个视角强化对影子银行的监管,并提出分类监管措施。借鉴国际经验并立足我国的实际,我国对影子银行的监管应当注重实现功能监管与机构监管,金融创新与金融监管,微观审慎监管与宏观审慎监管之间的有效平衡。
＂영자은행＂범지유리우전통은행감관체계지외적신용중개。영자은행재추동금융창신적동시,야가극료금융체계적취약성화계통성풍험。차대위궤적폭발,사영자은행적풍험급기감관문제성위국제사회관주적일대초점。침대위궤중폭로출적감관문제,미국화구맹상계출태료금융감관개혁법안혹상관지령장영자은행납입기감관광가,병가대감관력도;FSB칙강조종굉관화미관량개시각강화대영자은행적감관,병제출분류감관조시。차감국제경험병립족아국적실제,아국대영자은행적감관응당주중실현공능감관여궤구감관,금융창신여금융감관,미관심신감관여굉관심신감관지간적유효평형。
The ＂shadow banking＂ refers to the credit intermediary which is free from traditional banking supervision system.The development of shadow banking not only promotes the financial innovation,but also aggravates the fragility of the financial system and the systematic risk.With the outbreak of the subprime crisis,the shadow banking risk and regulatory issues become the focus of attention in the international society.Based on the regulatory issues exposed in the crisis,the United States and the European Union promulgated financial regulatory reform bills or related directions,which have brought shadow banks into the regulatory framework,and intensified supervision;FSB emphasizes the supervision of shadow banking from macro and microcosmic angles and proposes the measures of classification supervision.Based on both international experiences and national conditions,the article says that our country should attach importance to the effective balance between institutional supervision and functional supervision,financial innovation and financial supervision,microcosmic prudential supervision and macro prudential supervision in the regulatory process of the shadow banking.