Unregulated Financial Markets and the Shadow Banking Narrative: China, India and the United States

Abstract

As well as highlighting recent initiatives being undertaken by government regulators such as the CFTC and SEC, to regulate virtual currencies such as the crypto currency markets, this paper highlights why the need to address unregulated financial markets – with particular focus on shadow banking activities, presents ever growing concerns – not just for investors and regulators, but also in respect of their interconnectedness with other financial sectors.

Keywords: Crypto Currencies, Shadow Banking, China Banking Regulatory Commission, Reserve Bank of India, Systemic Risks