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Shadow Banking Grows to $67 TRILLION Industry | 397 comments | Create New Account
Comments belong to whoever posts them. Please notify us of inappropriate comments.
Define what a bank DOES
Authored by: Wol on Saturday, November 17 2012 @ 07:03 PM EST
I know my terminology is a bit wonky, but basically we have capital *producers*
(the public, companies manufacturing goods, companies trading goods), capital
*consumers* (pension funds and the like), and capital *traders* (the banks).

Then simply forbid the traders from being consumers. They have to be just
intermediaries, either being like our building societies of old where they took
savings and made loans, or they can be like what I think the merchant banks were
- they made loans, securitised them, and sold them on.

But if you forbid traders from carrying securities on their balance sheet (of
course, they have to carry them on their "trading capital" sheet, like
a shop would carry its shelf goods on their trading capital sheet), then it
makes the risk far more transparent.

Cheers,
Wol

[ Reply to This | Parent | # ]

Shadow Banking Grows to $67 TRILLION Industry
Authored by: Anonymous on Monday, November 19 2012 @ 03:17 AM EST
The size of the shadow banking system, which includes the activities of money market funds, monoline insurers and off- balance sheet investment vehicles, “can create systemic risks” and “amplify market reactions when market liquidity is scarce,” the Financial Stability Board said in a report, which utilized more data than last year’s probe into the sector.

“Appropriate monitoring and regulatory frameworks for the shadow banking system needs to be in place to mitigate the build-up of risks,” the FSB said in the report published on its website.

Ben Moshinsky and Jim Brunsden, Bloomberg News / Businessweek

---

Financial Stability Board Report - 45 pages .pdf
'Global Shadow Banking Monitoring Report 2012'

http://www.financialstabilityboard.org/publications/r_121118 c.pdf

[ Reply to This | Parent | # ]

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