Owing to the disruptive events in the shadow banking system during the global financial crisis, policymakers and regulators have sought to strengthen the monitoring framework and to identify any remaining regulatory gaps. In accordance with its mandate, the European Systemic Risk Board (ESRB)...

This paper examines the ongoing integration of banks and markets through the blurring of boundaries between them. It considers how this integration affects the raison d'etre of banks and its implications for the future evolution of banks, systemic risk and prudential regulation. Shadow banks, PE...

This paper reviews the literature on how the evolution of banks and markets is blurring the distinction between them, and the implications of this for post-crisis regulation of banks and markets. Unanswered research questions are identified

Owing to the disruptive events in the shadow banking system during the global financial crisis, policymakers and regulators have sought to strengthen the monitoring framework and to identify any remaining regulatory gaps. In accordance with its mandate, the European Systemic Risk Board (ESRB)...

In this chapter we examine the implications of the increasing integration of banks and financial markets for the evolution of each as well the design of prudential regulation. The growth of the use of depository-banking-originated mortgage-backed securities sold in the market and used as...