The Growth of Shadow Banking

ISBN-13: 9781316614167 / Angielski / Miękka / 2020 / 305 str.

Matthias Thiemann

Opis

By analyzing the growth and regulation of shadow banking activities by large banks in Western Europe and the US, this book illuminates how the evolution of finance, driven by structural pressures and financial innovations, is crucially mediated through state-finance interactions on the meaning of rules and the need to comply.

Recenzje

'The book is important for anyone who wants to work in or research financial regulation. It provides a conceptual way of thinking about regulation. It also gives unique insights into the behind-the-scenes of regulatory sausage making.' Pēteris Kloks, Financial Markets and Portfolio Management

Spis treści

1. States and the regulation of a globalized finance; 2. The ABCP-market at the heart of shadow banking and the financial crisis; 3. How to explain the absence of regulatory action on shadow banking; 4. The transformation of US financial markets since the 1960s and the emergence and growth of the ABCP market; 5. In the shadow of Basel; 6. Converging procedures or standards? The challenge of the IASC and domestic pathways to SIC 12; 7. Steering finance towards prudence – the role of banking regulators in the governance of compliance decisions; 8. The fate of the bank-based shadow banking system post-crisis; 9. Changing the façade, but not the structure: the continuing threat of shadow banking; References; Index.