Arbeitspapier

Shadow bank monitoring

We provide a framework for monitoring the shadow banking system. The shadow banking system consists of a web of specialized financial institutions that conduct credit, maturity, and liquidity transformation without direct, explicit access to public backstops. The lack of such access to sources of government liquidity and credit backstops makes shadow banks inherently fragile. Shadow banking activities are often intertwined with core regulated institutions such as bank holding companies, security brokers and dealers, and insurance companies. These interconnections of shadow banks with other financial institutions create sources of systemic risk for the broader financial system. We describe elements of monitoring risks in the shadow banking system, including recent efforts by the Financial Stability Board.

Language
Englisch

Bibliographic citation
Series: Staff Report ; No. 638

Classification
Wirtschaft
Financial Markets and the Macroeconomy
Financial Economics: General
Financial Crises
Financial Institutions and Services: Government Policy and Regulation
Subject
shadow banking
financial stability monitoring
financial intermediation

Event
Geistige Schöpfung
(who)
Adrian, Tobias
Ashcraft, Adam B.
Cetorelli, Nicola
Event
Veröffentlichung
(who)
Federal Reserve Bank of New York
(where)
New York, NY
(when)
2013

Handle
Last update
10.03.2025, 11:43 AM CET

Data provider

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Object type

  • Arbeitspapier

Associated

  • Adrian, Tobias
  • Ashcraft, Adam B.
  • Cetorelli, Nicola
  • Federal Reserve Bank of New York

Time of origin

  • 2013

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