Shadow Banking is a phenomenon of global concern as it entails huge risks for financial stability worldwide.
It is also vital for the health of our economy.
So what exactly is it and what do we do about it?
It’s probably unrealistic to expect major changes in the regulation of shadow banking services in the near future. While posing risks to financial stability worldwide, they also keep global economies functioning smoothly. With multiple sides to the story and their varying impacts, this is a contending topic which needs to be deeply understood before diving into it.