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Shadow Banking

The Rise, Risks, and Rewards of Non-Bank Financial Services

  • Book
  • © 2016

Overview

Authors:
  1. Roy J. Girasa

    1. Lubin School of Business, Pace University, Pleasantville, USA

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  • Compares traditional and non-bank financing systems
  • Details the evolution of the systemically important financial institution (SIFI)
  • Traces governmental efforts to regulate institutions that developed to avoid regulation

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Table of contents (8 chapters)

  1. Front Matter

    Pages i-xxvi
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  2. Traditional Banking in the United States and Its Evolution as Bank Holding Companies

    • Roy Girasa
    Pages 1-46

  3. Shadow Banking (Non-Bank Financial Intermediation)

    • Roy Girasa
    Pages 47-79

  4. Governance of Shadow (Non-Bank) Financial Institutions

    • Roy Girasa
    Pages 81-124

  5. Enhanced Prudential Standards

    • Roy Girasa
    Pages 125-165

  6. Securitization and Repos

    • Roy Girasa
    Pages 167-195

  7. Hedge Funds and Mutual Funds as SIFIs

    • Roy Girasa
    Pages 197-230

  8. Insurance Companies as SIFIs: The MetLife Inc. Litigation

    • Roy Girasa
    Pages 231-278

  9. International Institutions Affecting Shadow Banking

    • Roy Girasa
    Pages 279-316

  10. Back Matter

    Pages 317-322
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Keywords

About this book

This comparative study explores how shadow banking differs from the traditional banking system. It discusses the origins, history, purposes, risks, regulatory constraints, and projected future evolution of both financial sectors of the world economy. This thorough examination of non-bank financial intermediaries follows the migration of services from traditional banks to less-regulated alternative banking products, as well as the evolution of regulations and the Financial Stability Oversight Council to monitor these new entities. Three chapters explore in depth the major financial structures newly designated as systemically important financial institutions (SIFIs), with particular attention to insurance companies such as MetLife, which seek exemption from the designation. Finally, the focus shifts to international financial institutions' efforts to protect consumers and curtail irresponsible shadow banks, with an eye toward the effects of these actions on future banking practices. 

Authors and Affiliations

  • Lubin School of Business, Pace University, Pleasantville, USA

    Roy J. Girasa

About the author

Roy J. Girasa is a Professor of Law at the Lubin School of Business, Pace University, USA. He has authored over 100 journals articles and newspaper columns on the topics of financial law, securities law, and regulations. He is the author of the bestselling textbook Cyberlaw: National and International Perspectives (2001), and two previous Palgrave Macmillan books, Corporate Governance and Finance Law (2013) and Laws and Regulations in Global Financial Markets (2013). 

Bibliographic Information

  • Book Title: Shadow Banking

  • Book Subtitle: The Rise, Risks, and Rewards of Non-Bank Financial Services

  • Authors: Roy J. Girasa

  • DOI: https://doi.org/10.1007/978-3-319-33026-6

  • Publisher: Palgrave Macmillan Cham

  • eBook Packages: Economics and Finance, Economics and Finance (R0)

  • Copyright Information: The Editor(s) (if applicable) and The Author(s) 2016

  • Hardcover ISBN: 978-3-319-33025-9Published: 12 October 2016

  • Softcover ISBN: 978-3-319-81426-1Published: 16 June 2018

  • eBook ISBN: 978-3-319-33026-6Published: 02 October 2016

  • Edition Number: 1

  • Number of Pages: XXVI, 322

  • Topics: Banking, Risk Management, Capital Markets

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