Commercial Banking and Shadow Banking: The Accelerating Integration of Banks and Markets and Its Implications for Regulation
The Oxford Handbook of Banking, Third Edition, 2018/19 Forthcoming
59 Pages Posted: 12 Jan 2018 Last revised: 1 Mar 2019
Date Written: January 9, 2018
This paper examines the ongoing integration of banks and markets through the blurring of boundaries between them. It considers how this integration affects the raison d’etre of banks and its implications for the future evolution of banks, systemic risk and prudential regulation. Shadow banks, PE firms and credit rating agencies, as well as their relationship to banks, are discussed.
Keywords: commercial banking, shadow banking, PE firms, credit rating agencies
JEL Classification: D02, G1, G2
Suggested Citation: Suggested Citation