RT Journal Article
T1 Shadow Banking: The Blind Spot in Banking and Capital Markets Reform
A1 Ramos Muñoz, David
AB Shadow banking is the concept used by the Financial Stability Board (FSB) and the European Commission to propose a new bout of regulatory reforms. The problem is less in the concept's negative bias than in its marginalization of the problem. Shadow banking is reflective of major players exploiting existing rules often in collusion with authorities. This should prompt a deeper discussion about the influence of legal institutions in market structures, and the perils of artificial distinctions between 'banking/money markets' and 'capital markets'. Drawing the appropriate lessons is particularly important now that momentous reforms, such as the Banking Union and Capital Markets Union, seem to go back to traditional (and unrealistic) dividing lines.
PB De Gruyter
SN 1613-2548
SN 1613-2556
YR 2016
FD 2016-03-16
LK https://hdl.handle.net/10016/24487
UL https://hdl.handle.net/10016/24487
LA eng
DS e-Archivo
RD 27 jul. 2024