This article addresses how the approaches of the FSB and the US to regulating “shadow banking” entities and activities has evolved and the consequences of their strategies. We note that the concept of “shadow banking activities” has, at both the global and national level, focused to an...

The book shows the fundaments of the shadow banking system and its entities, operations and risks. Focusing on the regulatory aspects, it provides an original view that is able to demonstrate that the lack of supervision is a market failure

This book is about the growth of shadow banking in China and the rise of China’s free markets. Shadow Banking refers to capital that is distributed outside the formal banking system, including everything from Mom and Pop lending shops to online credit to giant state owned banks called Trusts....