© 2016

Shadow Banking

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


Table of contents

About this book


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. 


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

  1. 1.Lubin School of BusinessPace UniversityPleasantvilleUSA

About the authors

Roy J. Girasa is a Professor of Law at the Lubin School of Business, Pace University, USA. He has authored over 100 journals articles and newspaper columns on the topics of financial law, securities law, and regulations. He is the author of the bestselling textbook Cyberlaw: National and International Perspectives (2001), and two previous Palgrave Macmillan books, Corporate Governance and Finance Law (2013) and Laws and Regulations in Global Financial Markets (2013). 

Bibliographic information

  • Book Title Shadow Banking
  • Book Subtitle The Rise, Risks, and Rewards of Non-Bank Financial Services
  • Authors Roy J. Girasa
  • DOI
  • Copyright Information The Editor(s) (if applicable) and The Author(s) 2016
  • Publisher Name Palgrave Macmillan, Cham
  • eBook Packages Economics and Finance Economics and Finance (R0)
  • Hardcover ISBN 978-3-319-33025-9
  • Softcover ISBN 978-3-319-81426-1
  • eBook ISBN 978-3-319-33026-6
  • Edition Number 1
  • Number of Pages XXVI, 322
  • Number of Illustrations 0 b/w illustrations, 0 illustrations in colour
  • Topics Banking
    Risk Management
    Capital Markets
  • Buy this book on publisher's site