The Perils of International Regime Complexity in Shadow Banking - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook The Perils of International Regime Complexity in Shadow Banking write by Lucia Quaglia. This book was released on 2022-05-26. The Perils of International Regime Complexity in Shadow Banking available in PDF, EPUB and Kindle. Despite the role of shadow banking in the building up of the 2008 international financial crisis, the massive size of this sector, its cross-border nature, and the risks it entails for financial stability, the post-crisis regulation of shadow banking has remained rather feeble. Why? The Perils of International Regime Complexity in Shadow Banking identifies a 'game of shadows', which unfolded recursively concerning the definition, monitoring, and regulation of shadow banking internationally. Thus, states, regulators, and private actors tended to cast light away from various parts of the shadow banking system - shadow banking was (re)fined over time, its measurement was narrowed down, lessening the (perceived) need for regulation. The playing out of such a game was facilitated by the international architecture for shadow banking governance, which is a 'regime complex' characterized by the presence of multiple institutions and elemental regimes governing a set of related issues. Indeed, shadow banking is a quintessential case for demonstrating the perils of international regime complexity, which magnifies problems that are endemic in governing global finance - namely, interstate competition, disagreement between technocratic bodies, and the power of the financial industry - while splintering solutions, due to the fragmentation of regulatory authority. Empirically, this book examines various elemental regimes concerning different aspects of shadow banking, namely: international standards for defining, measuring, and monitoring global shadow banking; international standards for shadow banking entities, including money market funds, hedge funds, and investment funds; international standards for shadow banking activities, such as securitization, securities lending, and repos; international standards for bank capital exposures to shadow banking.
Research Handbook on Shadow Banking
Research Handbook on Shadow Banking - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Research Handbook on Shadow Banking write by Iris H.-Y. Chiu. This book was released on . Research Handbook on Shadow Banking available in PDF, EPUB and Kindle. Research Handbook on Shadow Banking brings together a range of international experts to discuss shadow banking activities, the purposes they serve, the risks they pose to the financial system and implications for regulators and the regulatory perimeter. Including discussions specific to the UK, European Union, US, China and Singapore, this book offers high level and theoretical perspectives on shadow banking and regulatory risks, as well as more detailed explorations of specific markets in shadow banking.
Shadow Banking
Shadow Banking - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Shadow Banking write by Luis Rivera. This book was released on 2013. Shadow Banking available in PDF, EPUB and Kindle. The recent global financial crisis has exposed the risk of the shadow banking system. Regulators and government agencies have the daunting task of regulating the systemic risk involved in the shadow banking sector. The shadow banking system is an unregulated complex non-banking financial entity that financial institutions use for short-term funding and liquidity. Between 2008 and 2010, regulators worked on trying to understand the complex system of shadow banking for the purpose of implementing stronger regulatory policies and guidelines to mitigate the systemic risk involved in shadow banking. Currently, regulators and governmental agencies are proposing revisions for existing regulations and are adding new policies/guidelines to shadow banking and its components: asset-backed commercial paper (ABCP) conduits, structured investments (SIVs), hedge funds, money market mutual funds, repurchase agreements, and securities lenders. The purpose of this study was to examine regulatory policies that have established or proposed and the effects that these policies will have on the shadow banking system, financial institutions and the economy. This study also aims to examine whether imposed regulations are sufficient for mitigating risk, providing transparency, and preventing a future crisis. In addition, this study examines the possibilities of fraudulent activities that can occur with the shadow banking system. Keywords: Economic Crime Management, Suzanne Lynch, Shadow Banking, Financial Stability Board (FAB), Basel Committee on Banking Supervision (BCBS), International Organization of Securities Commission (IOSCO), Securities and Exchange Commission (SEC), securitization.
Creating a Safer Financial System
Creating a Safer Financial System - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Creating a Safer Financial System write by José Vinãls. This book was released on 2013-05-14. Creating a Safer Financial System available in PDF, EPUB and Kindle. The U.S., the U.K., and more recently, the E.U., have proposed policy measures directly targeting complexity and business structures of banks. Unlike other, price-based reforms (e.g., Basel 3 and G-SIFI surcharges), these proposals have been developed unilaterally with material differences in scope, design and implementation schedules. This may exacerbate cross-border regulatory arbitrage and put a further burden on consolidated supervision and cross-border resolution. This paper provides an analysis of the potential implications of implementing different structural policy measures. It proposes a pragmatic and coordinated approach to development of these policies to reduce risk of regulatory arbitrage and minimize unintended consequences. In doing so, it also aims to identify a set of common policy measures that countries could adopt to re-scope bank business models and corporate structures.
Shadow Banking and Market-Based Finance
Shadow Banking and Market-Based Finance - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Shadow Banking and Market-Based Finance write by Tobias Adrian. This book was released on 2018-08-01. Shadow Banking and Market-Based Finance available in PDF, EPUB and Kindle. Variants of nonbank credit intermediation differ greatly. We provide a conceptual framework to help distinguish various characteristics—structural features, economic motivations, and risk implications—associated with different forms of nonbank credit intermediation. Anchored by this framework, we take stock of the evolution of shadow banking and the extent of its transformation into market-based finance since the global financial crisis. In light of the substantial regulatory and supervisory responses of recent years, we highlight key areas of progress while drawing attention to elements where work still needs to be done. Case studies of policy challenges arising in different jurisdictions are also discussed. While many of the amplification forces that were at play during the global financial crisis have diminished, the post-crisis reform agenda is not yet complete, and policy makers must remain attentive to new challenges looming on the horizon.
