Regulating Shadow Banking

Schwarcz, Steven L.

doi:10.2139/ssrn.1993185

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Regulating Shadow Banking

Review of Banking and Financial Law, Vol. 31, No. 1, 2012

24 Pages Posted: 30 Jan 2012 Last revised: 28 Dec 2014

See all articles by Steven L. Schwarcz

Steven L. Schwarcz

Duke University School of Law

Date Written: October 1, 2012

Abstract

Although shadow banking is said to be huge, estimated at over $60 trillion, it is not well defined. This short and accessible paper attempts to define shadow banking by identifying its overall scope and its basic characteristics. Based on the definition derived, the paper also conceptually examines how shadow banking can be regulated to try to maximize its efficiencies while minimizing its risks.

Suggested Citation: Suggested Citation

Schwarcz, Steven L., Regulating Shadow Banking (October 1, 2012). Review of Banking and Financial Law, Vol. 31, No. 1, 2012, Available at SSRN: https://ssrn.com/abstract=1993185 or http://dx.doi.org/10.2139/ssrn.1993185