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Shadow banking system

Index Shadow banking system

The shadow banking system is a term for the collection of non-bank financial intermediaries that provide services similar to traditional commercial banks but outside normal banking regulations. [1]

64 relations: Alternative finance, Andrew Metrick, Asset and liability management, Asset-backed commercial paper program, BlackRock, Brass plate company, Business cycle, Causes of the Great Recession, Causes of the United States housing bubble, China shadow banking, Chinese Banking Liquidity Crisis of 2013, Comparisons between the Great Recession and the Great Depression, Cooperative loans in Malaysia, Corporation tax in the Republic of Ireland, Debt-to-income ratio, Dodd–Frank Wall Street Reform and Consumer Protection Act, Economic policy of the Barack Obama administration, Economic policy of the George W. Bush administration, Economy of China, Economy of the United States, Financial Crisis Inquiry Commission, Financial crisis of 2007–2008, Financialization, Full-reserve banking, Gary Gorton, Global financial system, Government policies and the subprime mortgage crisis, Great Recession, Great Recession in the United States, Hyman Minsky, Hypothecation, I Predict a Riot, International Financial Services Centre, Ireland as a tax haven, Irish Section 110 Special Purpose Vehicle (SPV), José Alfredo Martínez de Hoz, Kenneth Clark (financial writer), Law of value, Leendert Pieter de Neufville, List of Jewish American businesspeople, Marina Brogi, Money market fund, More Money Than God, National debt of China, Net stable funding ratio, New Deal, Non-bank financial institution, OLT Express Germany, Orders of magnitude (currency), Paul McCulley, ..., Peer Steinbrück, Political positions of Barack Obama, Political positions of Hillary Clinton, Regulatory responses to the subprime crisis, Shell corporation, Structured investment vehicle, Subprime crisis background information, Subprime mortgage crisis, Subprime mortgage crisis solutions debate, Too big to fail, United States Senate election in Pennsylvania, 2010, Vernon Hill, Yield curve, 2010 United States foreclosure crisis. Expand index (14 more) »

Alternative finance

Alternative finance refers to financial channels, processes, and instruments that have emerged outside of the traditional finance system such as regulated banks and capital markets.

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Andrew Metrick

Andrew Metrick is an American economist, currently the Janet L. Yellen Professor of Finance and Management at Yale School of Management.

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Asset and liability management

Initially pioneered by financial institutions during the 1970s as interest rates became increasingly volatile, asset and liability management (often abbreviated ALM) is the practice of managing risks that arise due to mismatches between the assets and liabilities.

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Asset-backed commercial paper program

Asset-backed commercial paper program (ABCP program, ABCP Conduit or Conduit) is set up as a program that issues short-term liabilities, commercial papers called asset-backed commercial papers (ABCPs), to finance medium- to long-term assets.

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BlackRock

BlackRock, Inc. is an American global investment management corporation based in New York City.

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Brass plate company

Brass plate company is a term used to describe a legally constituted company, whose only tangible existence in its jurisdiction of incorporation is the nameplate (the term "brass plate" originates as such nameplates are often made of brass) attached to the wall outside its registered office.

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Business cycle

The business cycle, also known as the economic cycle or trade cycle, is the downward and upward movement of gross domestic product (GDP) around its long-term growth trend.

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Causes of the Great Recession

Many factors directly and indirectly caused the Great Recession (which started in 2007 with the US subprime mortgage crisis), with experts and economists placing different weights on particular causes.

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Causes of the United States housing bubble

Observers and analysts have attributed the reasons for the 2001–2006 housing bubble and its 2007–10 collapse in the United States to "everyone from home buyers to Wall Street, mortgage brokers to Alan Greenspan".

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China shadow banking

China's shadow banking system can be described as credit intermediation involving entities and activities outside the regular Chinese banking system.

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Chinese Banking Liquidity Crisis of 2013

The Chinese Banking Liquidity Crisis of 2013 was a sudden credit crunch affecting China's commercial banks evidenced by a rapid rise on 20 June 2013 in the Shanghai interbank overnight lending rates to a high of 30 percent from its usual rate of less than 3%.

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Comparisons between the Great Recession and the Great Depression

Comparisons between the Great Recession and the Great Depression explores the experiences in the United States and the United Kingdom.

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Cooperative loans in Malaysia

Cooperative loans in Malaysia (commonly known in the Malay language as Pinjaman Koperasi) are credit services offered by cooperatives registered under the Cooperative Commission of Malaysia (SKM) to their members who work as civil servants.

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Corporation tax in the Republic of Ireland

With 80% of Irish corporation tax ("CT") coming from foreign multinationals, and 14 of Ireland's largest 20 companies being US-based, Ireland is considered to have an advanced corporation tax regime (12.5% rate, broad tax-treaty network, tax-free holding company regimes, advanced intellectual property/knowledge box regimes).

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Debt-to-income ratio

A debt income ratio (often abbreviated DTI) is the percentage of a consumer's monthly gross income that goes toward paying debts.

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Dodd–Frank Wall Street Reform and Consumer Protection Act

The Dodd–Frank Wall Street Reform and Consumer Protection Act (commonly referred to as Dodd–Frank) was signed into United States federal law by US President Barack Obama on July 21, 2010.

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Economic policy of the Barack Obama administration

The economic policy of the Barack Obama administration was characterized by moderate tax increases on higher income Americans designed to fund healthcare reform, reduce the federal budget deficit, and decrease income inequality.

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Economic policy of the George W. Bush administration

The economic policy of the George W. Bush administration was characterized by significant income tax cuts in 2001 and 2003, the implementation of Medicare Part D in 2003, increased military spending for two wars, a housing bubble that contributed to the subprime mortgage crisis of 2007–2008, and the Great Recession that followed.

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Economy of China

The socialist market economy of the People's Republic of China is the world's second largest economy by nominal GDP and the world's largest economy by purchasing power parity according to the International Monetary Fund (IMF), although China's National Bureau of Statistics denies the latter assessment.

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Economy of the United States

The economy of the United States is a highly developed mixed economy.

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Financial Crisis Inquiry Commission

The Financial Crisis Inquiry Commission (FCIC) was a ten-member commission appointed by the leaders of the United States Congress with the goal of investigating the causes of the financial crisis of 2007–2010.

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Financial crisis of 2007–2008

The financial crisis of 2007–2008, also known as the global financial crisis and the 2008 financial crisis, is considered by many economists to have been the worst financial crisis since the Great Depression of the 1930s.

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Financialization

Financialization is a term sometimes used to describe the development of financial capitalism during the period from 1980 until 2010, in which debt-to-equity ratios increased and financial services accounted for an increasing share of national income relative to other sectors.

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Full-reserve banking

Full-reserve banking (also known as 100% reserve banking) is a proposed alternative to fractional-reserve banking in which banks would be required to keep the full amount of each depositor's funds in cash, ready for immediate withdrawal on demand.

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Gary Gorton

Gary Bernard Gorton (born c. 1951) is an American economist who currently serves as the Frederick Frank Class of 1954 Professor of Finance at Yale School of Management.

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Global financial system

The global financial system is the worldwide framework of legal agreements, institutions, and both formal and informal economic actors that together facilitate international flows of financial capital for purposes of investment and trade financing.

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Government policies and the subprime mortgage crisis

The U.S. subprime mortgage crisis was a set of events and conditions that led to a financial crisis and subsequent recession that began in 2007.

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Great Recession

The Great Recession was a period of general economic decline observed in world markets during the late 2000s and early 2010s.

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Great Recession in the United States

The Great Recession in the United States was a severe financial crisis combined with a deep recession.

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Hyman Minsky

Hyman Philip Minsky (September 23, 1919 – October 24, 1996) was an American economist, a professor of economics at Washington University in St. Louis, and a distinguished scholar at the Levy Economics Institute of Bard College.

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Hypothecation

Hypothecation is the practice where (usually through a letter of hypothecation) a debtor pledges collateral to secure a debt or as a condition precedent to the debt, or a third party pledges collateral for the debtor.

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I Predict a Riot

"I Predict a Riot" is a song by Kaiser Chiefs, appearing on their debut album Employment.

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International Financial Services Centre

The International Financial Services Centre (or IFSC) began in 1987 as a special economic zone on a derelict 11 hectare site near the centre of Dublin, with EU approval to apply a 10% corporate tax rate for designated financial services activities on the site.

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Ireland as a tax haven

Ireland has been labeled a tax haven or a corporate tax haven which it rejects.

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Irish Section 110 Special Purpose Vehicle (SPV)

An Irish Section 110 special purpose vehicle ("SPV") or section 110 company, is an Irish tax resident company, which qualifies under Section 110 of the Irish Taxes Consolidation Act 1997 ("TCA") for a special tax regime that enables the SPV to attain "tax neutrality": i.e. the SPV pays no Irish taxes.

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José Alfredo Martínez de Hoz

José Alfredo Martínez de Hoz (13 August 1925 – 16 March 2013) was an Argentine executive and policy maker.

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Kenneth Clark (financial writer)

Kenneth E. Clark is an American mortgage executive and author of “The Story Behind the Mortgage and Housing Meltdown: The Legacy of Greed,” published in 2010.

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Law of value

The law of value (German: Wertgesetz) is a central concept in Karl Marx's critique of political economy, first expounded in his polemic The Poverty of Philosophy (1847) against Pierre-Joseph Proudhon, with reference to David Ricardo's economics.

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Leendert Pieter de Neufville

Leendert Pieter de Neufville (Amsterdam, March 8, 1729Rotterdam, July 28, 1811) was a Dutch merchant and banker trading in silk, linen, grain.

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List of Jewish American businesspeople

This is a list of notable Jewish American business executives.

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Marina Brogi

Marina Brogi (born 15 July 1967) is an Italian economist, Full Professor of Banking and Capital Markets at Sapienza University of Rome, author of numerous publications on corporate governance, banking and capital markets.

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Money market fund

A money market fund (also called a money market mutual fund) is an open-ended mutual fund that invests in short-term debt securities such as US Treasury bills and commercial paper.

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More Money Than God

More Money Than God: Hedge Funds and the Making of a New Elite (2010) is a financial book by Sebastian Mallaby published by Penguin Press.

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National debt of China

The national debtThe term "national debt" typically refers to direct liabilities of the Government.

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Net stable funding ratio

During the financial crisis of 2007–2008, several banks, including the UK's Northern Rock and the U.S. investment banks Bear Stearns and Lehman Brothers, suffered a liquidity crisis, due to their over-reliance on short-term wholesale funding from the interbank lending market.

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New Deal

The New Deal was a series of programs, public work projects, financial reforms and regulations enacted in the United States 1933-36, in response to the Great Depression.

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Non-bank financial institution

A non-bank financial institution (NBFI) is a financial institution that does not have a full banking license or is not supervised by a national or international banking regulatory agency.

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OLT Express Germany

OLT Express Germany (formerly OLT Ostfriesische Lufttransport GmbH or OLT) was an airline based in Bremen in Germany.

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Orders of magnitude (currency)

This page is a progressive list of currency orders of magnitude, with examples.

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Paul McCulley

Paul Allen McCulley (born March 13, 1957) is an American economist and former managing director at PIMCO.

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Peer Steinbrück

Peer Steinbrück (born 10 January 1947) is a German politician who was the chancellor-candidate of the Social Democratic Party (SPD) in the 2013 federal election.

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Political positions of Barack Obama

Barack Obama has declared his position on many political issues through his public comments and legislative records.

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Political positions of Hillary Clinton

Hillary Clinton, the nominee of the Democratic Party for president of the United States in 2016, has taken positions on political issues while serving as First Lady of Arkansas (1979–81; 1983–92), First Lady of the United States (1993–2001); as U.S. Senator from New York (2001–2009); and serving as the United States Secretary of State (2009–2013).

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Regulatory responses to the subprime crisis

Regulatory responses to the subprime crisis addresses various actions taken by governments around the world to address the effects of the subprime mortgage crisis.

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Shell corporation

A shell company is a company that exists only on paper and has no office and no employees, but may have a bank account or may hold passive investments or be the registered owner of assets, such as intellectual property, or ships.

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Structured investment vehicle

A structured investment vehicle (SIV) is a non-bank financial institution established to earn a credit spread between the longer-term assets held in its portfolio and the shorter-term liabilities it issues.

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Subprime crisis background information

This article provides background information regarding the subprime mortgage crisis.

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Subprime mortgage crisis

The United States subprime mortgage crisis was a nationwide banking emergency, occurring between 2007 and 2010, that contributed to the U.S. recession of December 2007 – June 2009.

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Subprime mortgage crisis solutions debate

The Subprime mortgage crisis solutions debate discusses various actions and proposals by economists, government officials, journalists, and business leaders to address the subprime mortgage crisis and broader financial crisis of 2007–08.

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Too big to fail

The "too big to fail" theory asserts that certain corporations, particularly financial institutions, are so large and so interconnected that their failure would be disastrous to the greater economic system, and that they therefore must be supported by government when they face potential failure.

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United States Senate election in Pennsylvania, 2010

The 2010 United States Senate election in Pennsylvania took place on November 2, 2010, during the 2010 midterm elections.

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Vernon Hill

Vernon W. Hill II (born August 18, 1945) is an American businessman, the founder and chairman of Metro Bank, a UK retail bank with 48 stores, and assets of £7.4b ($10.6b).

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Yield curve

In finance, the yield curve is a curve showing several yields or interest rates across different contract lengths (2 month, 2 year, 20 year, etc....) for a similar debt contract.

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2010 United States foreclosure crisis

The 2010 United States foreclosure crisis, sometimes referred to as Foreclosure-gate or Foreclosuregate, refers to a widespread epidemic of improper foreclosures initiated by large banks and other lenders.

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Shadow bank, Shadow banking, Shadow banks.

References

[1] https://en.wikipedia.org/wiki/Shadow_banking_system

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