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Shadow Banking

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

Palgrave Macmillan

Authors:

  • Compares traditional and non-bank financing systems

  • Details the evolution of the systemically important financial institution (SIFI)

  • Traces governmental efforts to regulate institutions that developed to avoid regulation

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eBook USD 119.00
Price excludes VAT (USA)
  • ISBN: 978-3-319-33026-6
  • Instant PDF download
  • Readable on all devices
  • Own it forever
  • Exclusive offer for individuals only
  • Tax calculation will be finalised during checkout
Softcover Book USD 159.99
Price excludes VAT (USA)
Hardcover Book USD 159.99
Price excludes VAT (USA)

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Table of contents (8 chapters)

  1. Front Matter

    Pages i-xxvi
  2. Enhanced Prudential Standards

    • Roy Girasa
    Pages 125-165
  3. Securitization and Repos

    • Roy Girasa
    Pages 167-195
  4. Hedge Funds and Mutual Funds as SIFIs

    • Roy Girasa
    Pages 197-230
  5. Back Matter

    Pages 317-322

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. 

Keywords

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

Authors and Affiliations

  • Lubin School of Business, Pace University, Pleasantville, USA

    Roy J. Girasa

About the author

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: https://doi.org/10.1007/978-3-319-33026-6

  • Publisher: Palgrave Macmillan Cham

  • eBook Packages: Economics and Finance, Economics and Finance (R0)

  • Copyright Information: The Editor(s) (if applicable) and The Author(s) 2016

  • 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

  • Topics: Financial Services, Risk Management, Capital Markets

Buying options

eBook USD 119.00
Price excludes VAT (USA)
  • ISBN: 978-3-319-33026-6
  • Instant PDF download
  • Readable on all devices
  • Own it forever
  • Exclusive offer for individuals only
  • Tax calculation will be finalised during checkout
Softcover Book USD 159.99
Price excludes VAT (USA)
Hardcover Book USD 159.99
Price excludes VAT (USA)