The Shadow Banking System
Creating Transparency in the Financial Markets

Authors: Valerio Lemma



The book shows the fundaments of the shadow banking system and its entities, operations and risks. Focusing on the regulatory aspects, it provides an original view that is able to demonstrate that the lack of supervision is a market failure.

Table of contents

Front Matter

Introduction

General Observations

The Shadow Banking System as an Alternative Source of Liquidity

Shadow Banking Entities

Shadow Business of Banks, Insurance Companies, and Pension Funds

Shadow Banking Operations

Non-Standard Operations in the Shadow Banking System

Shadow Banking Risks and Key Vulnerabilities

The Shadow Banking System and the Need for Supervision

Conclusions

Back Matter

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