regulated institutions such as bank holding companies and insurance companies, thus creating a source of systemic risk for the …

of the less regulated, so-called shadow banking sector. Employing flow-of-funds data for the Euro Area's non-bank banking … increase in non-bank banking). Overall intermediation activity, hence, has remained roughly at the same level. Moreover, our … findings also suggest that non-bank banks have tended to take positions in riskier assets (particularly in equities). In line …

, including several specific regulatory constraints being placed on non-bank financial institutions (NBFI). This paper proposes a … consultants to keep abreast of the real-world implications of evolving transactional structures. This paper then uses the rise of … credit funds as a non-bank entities economically engaged in credit intermediation to apply this normative framework, pointing …

institutional roof - banks or non-bank (shadow) banks - under which they are conducted. Our results reveal a declining role of banks … (and a commensurate increase in non-bank banking). These structural shifts (between institutions) are coincident with …