You searched for: Content Type Working Paper Remove constraint Content Type: Working Paper Publishing Institution Centre for International Governance Innovation Remove constraint Publishing Institution: Centre for International Governance Innovation Political Geography China Remove constraint Political Geography: China Publication Year within 5 Years Remove constraint Publication Year: within 5 Years Topic Financial Crisis Remove constraint Topic: Financial Crisis
- Author: Zheng Liansheng
- Publication Date: 03-2015
- Content Type: Working Paper
- Institution: Centre for International Governance Innovation
- Abstract: The shadow banking system was defined in 2007 by Paul McCulley, the managing director of Pacific Investment Management Company, but it began to receive significant attention in the immediate aftermath of the GFC. Since the beginning of the financial crisis in 2008, the regulatory agencies of different countries, international organizations and think tanks have all carried out in-depth research into shadow banking and have released a series of results. Regulatory reforms have also addressed shadow banking, the most important of which is the US Dodd-Frank Act of 2010, which aims to restrain the expansion and risk taking of shadow banking in the United States. The United Kingdom and the European Union have also adopted reforms and built up a supervisory system to track the risks of the shadow banking system.
- Topic: Financial Crisis
- Political Geography: United States, China, United Kingdom, Europe