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Type Scientific Publication In Electronic Form
Scope Discipline-based scholarship
Title Mapping the interconnectedness between EU banks and shadow banking entities
Organization Unit
Authors
  • Jorge Abad
  • Marco D'Errico
  • Neill Killeen
  • Vera Luz
  • Tuomas Peltonen
  • Richard Portes
  • Teresa Urbano
Refereed Yes
Language
  • English
Place of Publication London
Publisher VoxEU, CEPR Policy Portal
Date 2017-04-25
Abstract Text The Global Crisis highlighted how linkages between banks and shadow banking entities can lead to the amplification of shocks across borders and sectors, prompting policymakers to seek to improve the monitoring framework for assessing the interconnectedness of the shadow banking system. This column documents the cross-sector and cross-border exposures of EU banks to globally domiciled shadow banking entities. Among the findings are that 60% of these exposures are to shadow banking entities domiciled outside the EU and hence outside its supervisory powers, and that approximately 65% of the exposures are to non-money market fund investment funds, finance companies, and securitisation entities.
Free access at Official URL
Official URL http://voxeu.org/article/interconnectedness-between-eu-banks-and-shadow-banking-entities
Other Identification Number merlin-id:14756
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