1.

Record Nr.

UNINA9910739476903321

Autore

Girasa Roy J

Titolo

Shadow Banking : The Rise, Risks, and Rewards of Non-Bank Financial Services / / by Roy J. Girasa

Pubbl/distr/stampa

Cham : , : Springer International Publishing : , : Imprint : Palgrave Macmillan, , 2016

ISBN

3-319-33026-8

Edizione

[1st ed. 2016.]

Descrizione fisica

1 online resource (XXVI, 322 p.)

Disciplina

332

Soggetti

Banks and banking

Risk management

Capital market

Banking

Risk Management

Capital Markets

Lingua di pubblicazione

Inglese

Formato

Materiale a stampa

Livello bibliografico

Monografia

Note generali

Includes index.

Nota di contenuto

1 Traditional Banking in the United States and Its Evolution as Bank Holding Companies -- 2 Shadow Banking -- 3 Governance of Shadow Bank Financial Institutions -- 4 Enhanced Prudential Standards -- 5 Securitization and Repos -- 6 Hedge Funds and Mutual Funds as SIFIs -- 7 Insurance Companies as SIFIs: The MetLife, Inc. Litigation -- 8 International Regulation of Shadow Banking.

Sommario/riassunto

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. .