Shadow banking system

Jim Chalmers wants a truly independent RBA. He should be careful what he wishes for

Retrieved on: 
Wednesday, May 3, 2023
House, Review, Treasury, Unemployment, Commonwealth Bank, Chifley, Depression, Farmer, Labour Party, Policy, Bank, Gibson, Reserve Bank of Australia, Federal Executive Council (Australia), Chalmers, Wall Street, Federal, Attitude, Australian constitutional law, Government, Shadow banking system, Royal commission, Representative, Reserve Bank, Budget, Great Depression, Wool, Commonwealth, Labour, RBA, Financial adviser, Hunting

The treasurer says he is on board with all of the recommendations of the independent review of the Reserve Bank.

Key Points: 
  • The treasurer says he is on board with all of the recommendations of the independent review of the Reserve Bank.
  • One of them – the first – is to make the bank truly independent of the government that owns it by removing the treasurer’s power overrule its board.
  • One day, Chalmers or his successors might wish they had it.
  • Read more: RBA revolution: how Chalmers will recraft the bank for the 21st century

EBA consults on technical standards to identify shadow banking entities

Retrieved on: 
Thursday, July 29, 2021
Money, Financial services, Finance, Eurozone, Agencies of the European Union, European Union, European Banking Authority, La Défense, Banking, Bank, Shadow banking system, EBA

26 July 2021

Key Points: 
  • 26 July 2021

    The European Banking Authority (EBA) launched today a public consultation on draft regulatory technical standards (RTS) setting out criteria for the identification of shadow banking entities for the purposes of reporting large exposures.

  • Entities that offer banking services and perform banking activities as defined in the draft RTS but are not regulated and are not being supervised in accordance with any of the acts that form the regulated framework are identified as shadow banking entities.
  • Finally, the draft RTS consider the situation of entities established in third countries and provide for a treatment that distinguishes between banks and other entities.
  • While developing the draft RTS, the EBA has relied as far as possible on the guidelines on limits on exposures to shadow banking (EBA/GL/2015/20), yet having due regard to international developments in shadow banking and taking into account the lack of third-country equivalence for institutions in certain jurisdictions.

Global Shadow Banking Industry (2020 to 2027) - Key Market Trends and Drivers - ResearchAndMarkets.com

Retrieved on: 
Tuesday, February 16, 2021
Professional services, Finance, Banking, Pejoratives, Shadow banking system, United States housing bubble

The "Shadow Banking - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • The "Shadow Banking - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.
  • The 108-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021.
  • The U.S. Accounts for Over 29.5% of Global Market Size in 2020, While China is Forecast to Grow at a 5% CAGR for the Period of 2020-2027
    The Shadow Banking market in the U.S. is estimated at US$14.8 Billion in the year 2020.
  • The country currently accounts for a 29.48% share in the global market.

KBRA Releases Research – 2020 U.S. Banking Outlook: Resilient Despite Headwinds

Retrieved on: 
Monday, December 16, 2019
Banking, Professional services, Finance, Banking, Economy, Kroll Bond Rating Agency, Credit rating agency, Service industries, KBRA, Bank, Kroll, Shadow banking system

Kroll Bond Rating Agency (KBRA) releases its 2020 U.S. Banking Outlook, which is viewed as stable heading into the new year.

Key Points: 
  • Kroll Bond Rating Agency (KBRA) releases its 2020 U.S. Banking Outlook, which is viewed as stable heading into the new year.
  • The report also examines market undercurrents, with particular focus on the risk/reward dynamics of an increasing nonbank funding (shadow banking) presence.
  • Finally, KBRA notes some existing and persistent headwinds for the banking industry going into the new year.
  • An outline of profitability trends and their associated drivers, as well as insight into the potential drivers of M&A activity into 2020.

Sabine Lautenschläger: Interview with Politico

Retrieved on: 
Friday, January 18, 2019
Financial services, Luis de Guindos, Economy of Europe, European Union, Shadow banking system, European System of Central Banks, European Central Bank

Interview with PoliticoInterview with Sabine Lautenschläger, Member of the Executive Board of the ECB and Vice-Chair of the Supervisory Board of the ECB, conducted by Politico on 14 January 2019 and published on 17 January 2019Former ECB executive board member Vtor Constncio warned against the risks of shadow banking, and Luis de Guindos has continued along that line I fully agree with him.

Key Points: 

Interview with Politico

    Interview with Sabine Lautenschläger, Member of the Executive Board of the ECB and Vice-Chair of the Supervisory Board of the ECB, conducted by Politico on 14 January 2019 and published on 17 January 2019

    • Former ECB executive board member Vtor Constncio warned against the risks of shadow banking, and Luis de Guindos has continued along that line I fully agree with him.
    • As banks are regulated more strongly, some business has become much costlier for them to take on.
    • A lot of business moved over into the shadow banking sector, which is interlinked to the banking sector.