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Shadow Banking

The Rise, Risks, and Rewards of Non-Bank Financial Services

  • Roy J. Girasa

Table of contents

About this book

Introduction

This comparative study explores how shadow banking differs from the traditional banking system. It discusses the origins, history, purposes, risks, regulatory constraints, and projected future evolution of both financial sectors of the world economy. This thorough examination of non-bank financial intermediaries follows the migration of services from traditional banks to less-regulated alternative banking products, as well as the evolution of regulations and the Financial Stability Oversight Council to monitor these new entities. Three chapters explore in depth the major financial structures newly designated as systemically important financial institutions (SIFIs), with particular attention to insurance companies such as MetLife, which seek exemption from the designation. Finally, the focus shifts to international financial institutions' efforts to protect consumers and curtail irresponsible shadow banks, with an eye toward the effects of these actions on future banking practices. 

Keywords

bank holding companies Dodd-Frank Act enhanced prudential standards Financial Stability Board hedge funds mutual funds repurchase agreements securitization systemic risk Volcker Rule

Authors and affiliations

  • Roy J. Girasa
    • 1
  1. 1.Lubin School of BusinessPace UniversityPleasantvilleUSA

Bibliographic information

  • DOI https://doi.org/10.1007/978-3-319-33026-6
  • Copyright Information The Editor(s) (if applicable) and The Author(s) 2016
  • Publisher Name Palgrave Macmillan, Cham
  • eBook Packages Economics and Finance
  • Print ISBN 978-3-319-33025-9
  • Online ISBN 978-3-319-33026-6
  • Buy this book on publisher's site