Risk Identification and Supervisory Tools for Shadow Banking Under the New Capital Management Regulation
China's shadow banking is characterized by liquidity risk,high credit risk and potential systemic risk.This paper ana-lyzes the causes and sources of risks of shadow banking from the perspective of theoretical definition and business characteristics,and clarifies the relationship between shadow banking and traditional banks.On the basis of analyzing the global shadow banking governance situation and drawing on the FSB's governance recommendations,it provides theoretical recommendations for China to develop new tools for shadow banking regulation centered on the supervision of the Securities and Futures Commission.