This article is rated C-class on Wikipedia's
content assessment scale. It is of interest to the following WikiProjects: | |||||||||||||||||||||||||||||||
|
I cannot verify those figures except with a blog post which points to a BIC site which doesn't at all back up these assertions.
The *notional* value of derivatives may be somewhere near that, but it's certainly not debt - and not all of it is in shadow banking.
This passage is misleading, doesn't add to this topic, and should either be edited to point to what notional value means (described well in Wikipedia) or simply be removed. —Preceding unsigned comment added by Rajeck ( talk • contribs) 07:29, 27 March 2009 (UTC)
I took it out. Meaningless without discussion of notional value vs. actual risk anyway. Farcaster ( talk) 02:17, 6 April 2009 (UTC)
I marked the introduction as "technical" because some crucial terms are not defined. I also don't understand how the use of the word "system" is justified. It sounds as if the phrase "shadow banking system" is a newly coined _metaphor_ not a "thing", and you could either talk about the origin and meaning of _the phrase_ or talk about the institutions and relationships referred to, but the two are not the same thing. —Preceding unsigned comment added by 83.105.29.229 ( talk) 10:06, 1 April 2009 (UTC)
I've tried to rewrite to explain the terms and significance. I've removed the banner. Let me know what else you would like clarified and I'll take care of it. Farcaster ( talk) 04:24, 6 April 2009 (UTC)
Where does the name "Shadow" come from? —Preceding unsigned comment added by 69.171.160.243 ( talk) 11:09, 17 October 2010 (UTC)
Hi, I was redirected here from clicking on a link that said [Non-bank financial systems] and I realized that what seems to be be going on here is the idea of a psychological shaodw projection in which people are seeing the goverment systems as a Super-Ego function and projecting any non-goverment regulated as shadow psychological functions. The title is factually inacurate in function and should be changed back to [Non-bank financial systems] as a means of calrity and literal deffintion. — Preceding unsigned comment added by 2600:4040:9939:EF00:FD1D:DEBF:508F:D363 ( talk) 18:31, 24 September 2023 (UTC)
If my extremely cursory gleaning into this subject matter is correct then the repo markets is a tool used by the shadow banking system. [1] In any case there seems to be a significant connection, and with Wikipedia currently lacking a repo market article, it would be beneficial for the present article to get into connecting some dots and explaing this. __ meco ( talk) 16:09, 19 October 2010 (UTC)
This time it's a shadow insurance industry (via self-insuring with captive subsidiaries, not new per se, but the expanding usage is new). Per Williams Walsh, Mary; Story, Louise (2011-05-08), "Seeking business, states loosen insurance rules", New York Times. 198.185.18.207 ( talk) 13:01, 9 May 2011 (UTC)
An anon wants to add that link; I can't think of a clearer example of WP:OVERLINK. — Arthur Rubin (talk) 05:51, 28 October 2011 (UTC)
This is a very clear and well presented article. But it has an outdated and overly broad definition of what the SBS is. Back in 07/08 when the term was less frequently used , its scope was more ambiguous. One used to sometimes hear bankers use the term to include even top tier investment banks like Lehman and Bear. But Id be very surprised if any sources from 2010 & 2011 can be found where serious bankers, regulators or academics use the term to include banks themselves. Some of the existing sources in the history, and new ones I will soon add, specifically exclude banks from the SBS. While less so than the deposit taking banks, investment banks like Lehman were regulated and monitored, and were not themselves shadow institutions. True, billions of dollars of their dealing was in the SBS, often via the hundreds of SIV and other ad hoc registered companies they controlled, but the banks themselves were not SBS entities. I will edit accordingly, and thanks to those who have created this otherwise good article. FeydHuxtable ( talk) 13:38, 28 October 2011 (UTC)
The article contradicts itself. First it says: "Investment banks may conduct much of their business in the shadow banking system (SBS), but they are not SBS institutions themselves." Then later it says: "Shadow institutions like investment banks borrowed from investors in short-term, liquid markets...". These two sentences contradict each other. — Preceding unsigned comment added by 208.77.212.41 ( talk) 17:31, 29 November 2011 (UTC)
skak E L 20:36, 16 January 2012 (UTC)
My understanding is that an article should be consistent, including the way you write large numbers. For most of the article the word trillion is used for anything over $999 billion, not $1,000bn for example. In the opening section there are both "trillion" and "bn". Even though a source may list a number as "bn" I hardly doubt changing it to trillion changes any meaning or factuality. This reminds me of the "color/colour" debate and in the end you go with the most common spelling already within the article and look at what the article is about (dealing the UK for example would more likely use the British English spelling). Should the differences stay or made consistent? Coinmanj ( talk) 16:38, 7 May 2012 (UTC)
1,000,000,000 one billion 1,000,000,000,000 one trillion
Well 1,0000 bn is equal to 1 trillion unless I'm mistaken and since the short scale is most commonly used in English speaking countries I think that listing any numbers that are 1,000bn or higher as trillion would make the article more consistent. Unless there are any objections I'll make the proper changes.
Coinmanj (
talk) 03:55, 13 May 2012 (UTC)
Much of what he says here [2] fits perfectly with the last paragraphs of this article. -- Ayacop ( talk) 06:42, 22 August 2012 (UTC)
Hi, I'd like to make a few suggestions for changes to improve the content of the article, with the goal of making sure the information in this article is accurate and clear. While I am not a financial expert, I am proposing these changes on behalf of the Managed Funds Association, who are providing guidance on the concepts involved here. As I do have a conflict of interest here, I won't be making any edits to the article but hope that other editors will review my suggestions and make them if they're appropriate.
The first two suggestions I have are for the lead. To the end of the first paragraph, I'd like to suggest adding the following statement in green, which clarifies the relative leverage size of entities conducting business within the shadow banking system:
References
For the second change, I'd like to suggest replacing the below sentences from the beginning of the third paragraph of the lead:
References
The first sentence is not supported by the source, nor is this information included later in the article. In addition, the source here does not support that the SBS was $10 trillion in 2007. According to a source I've found from the Financial Stability Board, the SBS actually reduced in size from 2007 to 2011. To improve the accuracy of this part of the lead, I'd like to suggest replacing the text in red above with the following:
References
If these seem like reasonable changes, I hope someone will make them. This page is on my watchlist so feel free to reply here and I'll respond when I can. Cheers, WWB Too ( Talk · COI) 19:11, 19 September 2012 (UTC)
Hi there, Feyd. Since you're interested in the subject and open to my suggestions (if not of like mind about everything) I'd actually like I move on to some of the other changes I'm interested in making. So here's what I've got:
I'd also like to propose changes to the Entities that make up the system section, which has had a "needs additional citations for verification" tag since June. The first paragraph is currently uncited. I would like to correct that by adding an appropriate source and also improve it by wikilinking some key words such as hedge funds. Below I've included the text that I propose and the markup for the new text:
Proposed replacement text for first paragraph
|
---|
Complex legal entities comprising the system include
hedge funds,
structured investment vehicles (SIV),
special purpose entity conduits (SPE),
money market funds,
repurchase agreement (repo) markets and other
non-bank financial institutions.
[1]
References
|
Within the same section, the fourth and fifth paragraphs currently state that:
This information is factually correct, but it is not cited and the language is in need of some tweaks to improve clarity. I propose the following replacement text with new citations:
Proposed replacement text for fourth and fifth paragraphs
|
---|
This largely unregulated sector was worth an estimated $60 trillion in 2010, compared to prior FSB estimates of $27 trillion in 2002.
[1]
[2] While the sector's assets declined during the global financial crisis, they have since returned to their pre-crisis peak.
[3]
There are concerns that more business may move into the shadow banking system as regulators seek to bolster the financial system by making bank rules stricter. [3] References
|
If these seem like sensible changes, are you willing to add them? Or, if you have questions and want to discuss, I'll try to respond in a timely manner. Cheers, WWB Too ( Talk · COI) 15:33, 16 October 2012 (UTC)
Thanks Sargdub, for your help with the change above. If you and / or FeydHuxtable are interested, I have another proposal addressing unsourced material, this time in the Shadow banks' role in the financial system and their modus operandi subsection.
To the current text, I'd like to propose adding a citation to support the current information, along with some further contextualizing details. Below is the section, with the citations and new text I propose (shown in green):
Proposed edits and new citations
|
---|
Like traditional banks, shadow banks provide credit and liquidity but, unlike their traditional counterparts, they do not have access to central bank funding or safety nets like deposit insurance.
[1]
[2] Unlike traditional banks, shadow banks do not take deposits. Instead, they rely on short-term funding provided either by
asset-backed commercial paper or by the repo market, in which borrowers offer
collateral as security against a cash loan and then sell the security to a lender and agree to repurchase it at an agreed time in the future for an agreed price.
[1] The shadow banking sector operates across the American, European, and Chinese financial sectors,
[3]
[4] and in perceived
tax havens worldwide.
[1] Shadow banks invest in long-term loans like mortgages, providing credit across the financial system by matching investors and borrowers individually or by becoming part of a chain involving numerous entities, some of which may be mainstream banks.
[1]
Given their specialized nature, shadow banks often can provide credit more cost-efficiently than traditional banks. [1] Before the financial crisis began, the shadow banking system had overtaken the regular banking system in supplying loans to businesses, home and car buyers, students, credit credit users, and many other borrowers. [5] Shadow banks are often able to provide credit to people or entities who might not otherwise have such access. [1] References
|
Here is the markup for the section (existing text + changes):
Once again, if these edits are reasonable, I hope that editors will make them. Cheers, WWB Too ( Talk · COI) 15:54, 19 October 2012 (UTC)
This edit request by an editor with a conflict of interest has now been answered. |
I have one final, small suggestion to improve this article. The Importance section currently outlines the growth of the shadow banking sector and details its important role as a credit provider in the financial system. The data contained here is fine, but the last line inaccurately summarizes the preceding excerpt from a 2008 Timothy Geithner speech. The line currently reads as follows:
Geithner's quote actually explains that "non-banking financial system" activity is growing; not that lending through the shadow banking system exceeded traditional lending. Even if the more ambiguous "shadow banking" term had been used, it is still not correct to equate assets held by broad industry categories with volume of lending offered by SBS institutions. SBS lending is a completely different exercise than what a hedge fund does or what the assets of a bank holding company are.
I propose that we cut this summary line and simply let the quotation speak for itself. If this change seems neutral and acceptable to others, I hope another editor will implement it. Please let me know if you have any questions. Cheers, WWB Too ( Talk · COI) 17:12, 19 November 2012 (UTC)
"Contribution to the 2007–2012 financial crisis Main article: Great Recession
The financial crisis of 2007-2012 is attributed to central bank having the authority to create an arbitrary amount of money to benefit the banks. The central banking system developed by our predecessors cannot scale to the level of our complex economy. When you have 7 people deciding how to distribute capital of society, you have a system of abuse and capital misallocation. A better system is a distributed banking system whereby new money is distributed evenly to the people. This kind of banking system permits the people to decide how much money banks and governments can have.
This financial crisis is worse than many previous crises but not as bad as the Great Depression yet no one even dare to challenge the central banking system. It is this system that causes capital misallocation to accumulate to the point of crises that require bandaid solution. We then inherit this psychology it is NATURAL to have boom and bust that it is beyond our ability to fix and make right. That's like giving ourselves to the Black Death saying the demons and devils have risen and judgement day is coming to all on earth. By not going deeper to the epicenter of the problem and changing a poorly design banking system will continue to put our society in more precarious situation."
Who the hell wrote this? Someone want to flag it and take it down???
— Preceding unsigned comment added by 129.110.241.69 ( talk • contribs)
Read the article but nowhere is it mentioned what legislation allowed Shadow Banking? Was it repeal of Glass-Steagall Act or enactment of the Commodities Futures Modernization Act? This should be in lede paragraph or overview. Raquel Baranow ( talk) 16:20, 11 November 2013 (UTC)
This edit request by an editor with a conflict of interest has now been answered. |
More recent information and statistics on shadow banking are available in the 2015 Financial Stability Board Shadow Banking Monitoring Report (see link below). It might be helpful to update with these new statistics because these are more accurate and use a revised methodology. The release below also sets out more details on the policy measures that have been developed. http://www.fsb.org/2015/11/fsb-publishes-standards-and-processes-for-global-securities-financing-data-collection-and-aggregation-2/
This line at the end of the section on entities that make up the system does not have a source or clear attribution:
This claim seems to be directly contradicted by the fact that the lack of transparency and instability of money market funds contributed to the 2008 financial crisis. [3]
It also seems inaccurate to suggest that they are more heavily regulated than traditional banks, no?
You can see here that a number of edits were made by the same user downplaying the risks of money market funds. The article contradicts this view in the section on the history of the term where it is stated that:
So not only are money market funds not disputed to be a part of the shadow banking system, the term was actually created specifically to refer to them! Given this I'd say all of this user's edits should be reverted unless someone can provide a good reason why money market funds should be treated differently than the other entities discussed.
184.66.253.181 ( talk) 06:35, 21 March 2020 (UTC)
The page cites this Reuters article a number of times for some pretty critical points, yet this source does not seem remotely reliable. The author makes several questionable claims, like:
and:
Nothing is cited to back up these claims at all.
Additionally, quite a few lines from the Reuters article are repeated verbatim on the page but not treated as quotes. I'm not sure if that's against Wiki policy or not.
It seems to me like this reference should probably be removed, along with the sections of the article it is supposed to be supporting.
184.66.253.181 ( talk) 07:28, 21 March 2020 (UTC)
This article is rated C-class on Wikipedia's
content assessment scale. It is of interest to the following WikiProjects: | |||||||||||||||||||||||||||||||
|
I cannot verify those figures except with a blog post which points to a BIC site which doesn't at all back up these assertions.
The *notional* value of derivatives may be somewhere near that, but it's certainly not debt - and not all of it is in shadow banking.
This passage is misleading, doesn't add to this topic, and should either be edited to point to what notional value means (described well in Wikipedia) or simply be removed. —Preceding unsigned comment added by Rajeck ( talk • contribs) 07:29, 27 March 2009 (UTC)
I took it out. Meaningless without discussion of notional value vs. actual risk anyway. Farcaster ( talk) 02:17, 6 April 2009 (UTC)
I marked the introduction as "technical" because some crucial terms are not defined. I also don't understand how the use of the word "system" is justified. It sounds as if the phrase "shadow banking system" is a newly coined _metaphor_ not a "thing", and you could either talk about the origin and meaning of _the phrase_ or talk about the institutions and relationships referred to, but the two are not the same thing. —Preceding unsigned comment added by 83.105.29.229 ( talk) 10:06, 1 April 2009 (UTC)
I've tried to rewrite to explain the terms and significance. I've removed the banner. Let me know what else you would like clarified and I'll take care of it. Farcaster ( talk) 04:24, 6 April 2009 (UTC)
Where does the name "Shadow" come from? —Preceding unsigned comment added by 69.171.160.243 ( talk) 11:09, 17 October 2010 (UTC)
Hi, I was redirected here from clicking on a link that said [Non-bank financial systems] and I realized that what seems to be be going on here is the idea of a psychological shaodw projection in which people are seeing the goverment systems as a Super-Ego function and projecting any non-goverment regulated as shadow psychological functions. The title is factually inacurate in function and should be changed back to [Non-bank financial systems] as a means of calrity and literal deffintion. — Preceding unsigned comment added by 2600:4040:9939:EF00:FD1D:DEBF:508F:D363 ( talk) 18:31, 24 September 2023 (UTC)
If my extremely cursory gleaning into this subject matter is correct then the repo markets is a tool used by the shadow banking system. [1] In any case there seems to be a significant connection, and with Wikipedia currently lacking a repo market article, it would be beneficial for the present article to get into connecting some dots and explaing this. __ meco ( talk) 16:09, 19 October 2010 (UTC)
This time it's a shadow insurance industry (via self-insuring with captive subsidiaries, not new per se, but the expanding usage is new). Per Williams Walsh, Mary; Story, Louise (2011-05-08), "Seeking business, states loosen insurance rules", New York Times. 198.185.18.207 ( talk) 13:01, 9 May 2011 (UTC)
An anon wants to add that link; I can't think of a clearer example of WP:OVERLINK. — Arthur Rubin (talk) 05:51, 28 October 2011 (UTC)
This is a very clear and well presented article. But it has an outdated and overly broad definition of what the SBS is. Back in 07/08 when the term was less frequently used , its scope was more ambiguous. One used to sometimes hear bankers use the term to include even top tier investment banks like Lehman and Bear. But Id be very surprised if any sources from 2010 & 2011 can be found where serious bankers, regulators or academics use the term to include banks themselves. Some of the existing sources in the history, and new ones I will soon add, specifically exclude banks from the SBS. While less so than the deposit taking banks, investment banks like Lehman were regulated and monitored, and were not themselves shadow institutions. True, billions of dollars of their dealing was in the SBS, often via the hundreds of SIV and other ad hoc registered companies they controlled, but the banks themselves were not SBS entities. I will edit accordingly, and thanks to those who have created this otherwise good article. FeydHuxtable ( talk) 13:38, 28 October 2011 (UTC)
The article contradicts itself. First it says: "Investment banks may conduct much of their business in the shadow banking system (SBS), but they are not SBS institutions themselves." Then later it says: "Shadow institutions like investment banks borrowed from investors in short-term, liquid markets...". These two sentences contradict each other. — Preceding unsigned comment added by 208.77.212.41 ( talk) 17:31, 29 November 2011 (UTC)
skak E L 20:36, 16 January 2012 (UTC)
My understanding is that an article should be consistent, including the way you write large numbers. For most of the article the word trillion is used for anything over $999 billion, not $1,000bn for example. In the opening section there are both "trillion" and "bn". Even though a source may list a number as "bn" I hardly doubt changing it to trillion changes any meaning or factuality. This reminds me of the "color/colour" debate and in the end you go with the most common spelling already within the article and look at what the article is about (dealing the UK for example would more likely use the British English spelling). Should the differences stay or made consistent? Coinmanj ( talk) 16:38, 7 May 2012 (UTC)
1,000,000,000 one billion 1,000,000,000,000 one trillion
Well 1,0000 bn is equal to 1 trillion unless I'm mistaken and since the short scale is most commonly used in English speaking countries I think that listing any numbers that are 1,000bn or higher as trillion would make the article more consistent. Unless there are any objections I'll make the proper changes.
Coinmanj (
talk) 03:55, 13 May 2012 (UTC)
Much of what he says here [2] fits perfectly with the last paragraphs of this article. -- Ayacop ( talk) 06:42, 22 August 2012 (UTC)
Hi, I'd like to make a few suggestions for changes to improve the content of the article, with the goal of making sure the information in this article is accurate and clear. While I am not a financial expert, I am proposing these changes on behalf of the Managed Funds Association, who are providing guidance on the concepts involved here. As I do have a conflict of interest here, I won't be making any edits to the article but hope that other editors will review my suggestions and make them if they're appropriate.
The first two suggestions I have are for the lead. To the end of the first paragraph, I'd like to suggest adding the following statement in green, which clarifies the relative leverage size of entities conducting business within the shadow banking system:
References
For the second change, I'd like to suggest replacing the below sentences from the beginning of the third paragraph of the lead:
References
The first sentence is not supported by the source, nor is this information included later in the article. In addition, the source here does not support that the SBS was $10 trillion in 2007. According to a source I've found from the Financial Stability Board, the SBS actually reduced in size from 2007 to 2011. To improve the accuracy of this part of the lead, I'd like to suggest replacing the text in red above with the following:
References
If these seem like reasonable changes, I hope someone will make them. This page is on my watchlist so feel free to reply here and I'll respond when I can. Cheers, WWB Too ( Talk · COI) 19:11, 19 September 2012 (UTC)
Hi there, Feyd. Since you're interested in the subject and open to my suggestions (if not of like mind about everything) I'd actually like I move on to some of the other changes I'm interested in making. So here's what I've got:
I'd also like to propose changes to the Entities that make up the system section, which has had a "needs additional citations for verification" tag since June. The first paragraph is currently uncited. I would like to correct that by adding an appropriate source and also improve it by wikilinking some key words such as hedge funds. Below I've included the text that I propose and the markup for the new text:
Proposed replacement text for first paragraph
|
---|
Complex legal entities comprising the system include
hedge funds,
structured investment vehicles (SIV),
special purpose entity conduits (SPE),
money market funds,
repurchase agreement (repo) markets and other
non-bank financial institutions.
[1]
References
|
Within the same section, the fourth and fifth paragraphs currently state that:
This information is factually correct, but it is not cited and the language is in need of some tweaks to improve clarity. I propose the following replacement text with new citations:
Proposed replacement text for fourth and fifth paragraphs
|
---|
This largely unregulated sector was worth an estimated $60 trillion in 2010, compared to prior FSB estimates of $27 trillion in 2002.
[1]
[2] While the sector's assets declined during the global financial crisis, they have since returned to their pre-crisis peak.
[3]
There are concerns that more business may move into the shadow banking system as regulators seek to bolster the financial system by making bank rules stricter. [3] References
|
If these seem like sensible changes, are you willing to add them? Or, if you have questions and want to discuss, I'll try to respond in a timely manner. Cheers, WWB Too ( Talk · COI) 15:33, 16 October 2012 (UTC)
Thanks Sargdub, for your help with the change above. If you and / or FeydHuxtable are interested, I have another proposal addressing unsourced material, this time in the Shadow banks' role in the financial system and their modus operandi subsection.
To the current text, I'd like to propose adding a citation to support the current information, along with some further contextualizing details. Below is the section, with the citations and new text I propose (shown in green):
Proposed edits and new citations
|
---|
Like traditional banks, shadow banks provide credit and liquidity but, unlike their traditional counterparts, they do not have access to central bank funding or safety nets like deposit insurance.
[1]
[2] Unlike traditional banks, shadow banks do not take deposits. Instead, they rely on short-term funding provided either by
asset-backed commercial paper or by the repo market, in which borrowers offer
collateral as security against a cash loan and then sell the security to a lender and agree to repurchase it at an agreed time in the future for an agreed price.
[1] The shadow banking sector operates across the American, European, and Chinese financial sectors,
[3]
[4] and in perceived
tax havens worldwide.
[1] Shadow banks invest in long-term loans like mortgages, providing credit across the financial system by matching investors and borrowers individually or by becoming part of a chain involving numerous entities, some of which may be mainstream banks.
[1]
Given their specialized nature, shadow banks often can provide credit more cost-efficiently than traditional banks. [1] Before the financial crisis began, the shadow banking system had overtaken the regular banking system in supplying loans to businesses, home and car buyers, students, credit credit users, and many other borrowers. [5] Shadow banks are often able to provide credit to people or entities who might not otherwise have such access. [1] References
|
Here is the markup for the section (existing text + changes):
Once again, if these edits are reasonable, I hope that editors will make them. Cheers, WWB Too ( Talk · COI) 15:54, 19 October 2012 (UTC)
This edit request by an editor with a conflict of interest has now been answered. |
I have one final, small suggestion to improve this article. The Importance section currently outlines the growth of the shadow banking sector and details its important role as a credit provider in the financial system. The data contained here is fine, but the last line inaccurately summarizes the preceding excerpt from a 2008 Timothy Geithner speech. The line currently reads as follows:
Geithner's quote actually explains that "non-banking financial system" activity is growing; not that lending through the shadow banking system exceeded traditional lending. Even if the more ambiguous "shadow banking" term had been used, it is still not correct to equate assets held by broad industry categories with volume of lending offered by SBS institutions. SBS lending is a completely different exercise than what a hedge fund does or what the assets of a bank holding company are.
I propose that we cut this summary line and simply let the quotation speak for itself. If this change seems neutral and acceptable to others, I hope another editor will implement it. Please let me know if you have any questions. Cheers, WWB Too ( Talk · COI) 17:12, 19 November 2012 (UTC)
"Contribution to the 2007–2012 financial crisis Main article: Great Recession
The financial crisis of 2007-2012 is attributed to central bank having the authority to create an arbitrary amount of money to benefit the banks. The central banking system developed by our predecessors cannot scale to the level of our complex economy. When you have 7 people deciding how to distribute capital of society, you have a system of abuse and capital misallocation. A better system is a distributed banking system whereby new money is distributed evenly to the people. This kind of banking system permits the people to decide how much money banks and governments can have.
This financial crisis is worse than many previous crises but not as bad as the Great Depression yet no one even dare to challenge the central banking system. It is this system that causes capital misallocation to accumulate to the point of crises that require bandaid solution. We then inherit this psychology it is NATURAL to have boom and bust that it is beyond our ability to fix and make right. That's like giving ourselves to the Black Death saying the demons and devils have risen and judgement day is coming to all on earth. By not going deeper to the epicenter of the problem and changing a poorly design banking system will continue to put our society in more precarious situation."
Who the hell wrote this? Someone want to flag it and take it down???
— Preceding unsigned comment added by 129.110.241.69 ( talk • contribs)
Read the article but nowhere is it mentioned what legislation allowed Shadow Banking? Was it repeal of Glass-Steagall Act or enactment of the Commodities Futures Modernization Act? This should be in lede paragraph or overview. Raquel Baranow ( talk) 16:20, 11 November 2013 (UTC)
This edit request by an editor with a conflict of interest has now been answered. |
More recent information and statistics on shadow banking are available in the 2015 Financial Stability Board Shadow Banking Monitoring Report (see link below). It might be helpful to update with these new statistics because these are more accurate and use a revised methodology. The release below also sets out more details on the policy measures that have been developed. http://www.fsb.org/2015/11/fsb-publishes-standards-and-processes-for-global-securities-financing-data-collection-and-aggregation-2/
This line at the end of the section on entities that make up the system does not have a source or clear attribution:
This claim seems to be directly contradicted by the fact that the lack of transparency and instability of money market funds contributed to the 2008 financial crisis. [3]
It also seems inaccurate to suggest that they are more heavily regulated than traditional banks, no?
You can see here that a number of edits were made by the same user downplaying the risks of money market funds. The article contradicts this view in the section on the history of the term where it is stated that:
So not only are money market funds not disputed to be a part of the shadow banking system, the term was actually created specifically to refer to them! Given this I'd say all of this user's edits should be reverted unless someone can provide a good reason why money market funds should be treated differently than the other entities discussed.
184.66.253.181 ( talk) 06:35, 21 March 2020 (UTC)
The page cites this Reuters article a number of times for some pretty critical points, yet this source does not seem remotely reliable. The author makes several questionable claims, like:
and:
Nothing is cited to back up these claims at all.
Additionally, quite a few lines from the Reuters article are repeated verbatim on the page but not treated as quotes. I'm not sure if that's against Wiki policy or not.
It seems to me like this reference should probably be removed, along with the sections of the article it is supposed to be supporting.
184.66.253.181 ( talk) 07:28, 21 March 2020 (UTC)