24 Pages Posted: 30 Jan 2012 Last revised: 28 Dec 2014
Date Written: October 1, 2012
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