- xiii, 460 pages ; 25 cm.
- Additional Authors
- Chiu, Iris H.-Y.,MacNeil, Iain G.,
- 8. Targeting hedge funds and 'repo runs' / Harry McVea -- Section III: Shadow banking in the retail sector and issues relating to financial innovation -- 9. Marketplace lending, crowdfunding and blockchain: emerging issues and opportunities in Fin Tech / Edward F. Greene, Jeffrey M. Amico and Surya Bala -- 10. Out of the shadow?: promises and challenges of peer-to-peer lending / Mingfeng Lin -- 11. (Shadow) banking on the blockchain: permissioned ledgers, interoperability and common standards / Anna P. Donovan -- 12. Exchange traded funds in the shadow banking system / Pamela F. Hanrahan -- 13. European Money market fund regulations and universal transparency / Joseph Tanega and Viktoria Baklanova -- Section IV: Shadow banking and issues in other financial centres -- 14. Understanding shadow banking in the Chinese context: shadow banking with Chinese characteristics / Wei Shen -- 15. Shadow banking in Singapore / Christian Hofmann -- Index.Contents: The risks and regulatory perimeter for shadow banking / Iris H-Y Chiu and Iain MacNeil -- Section I: Perspectives on shadow banking and the regulatory perimeter -- 1. The law and economics of shadow banking / Hossein Nabilou and Alessio M. Pacces -- 2. Taking a functional approach to understanding shadow banking: a critical look at regulatory policy / Iris H-Y Chiu -- Section II: Shadow banking in the wholesale sector: financial innovation or regulatory arbitrage? -- 3. The repo market, collateral and systemic risk: in search of regulatory coherence / Jay Cullen -- 4. Securitization and structured finance: from shadow banking to legal harmonization? / Pierre de Gioia Carabellese -- 5. Pushing shadow banking into the light: reforming the U.S. tri-party repo market / Christian Johnson -- 6. Regulating OTC derivatives: the CCP's role and the EMIR / Mark Hsiao -- 7. SHadow banking directive instruments / Edmond J Curtin and Joseph Tanega --Includes bibliographical references and index.Summary: In the Research Handbook on Shadow Banking an international cast of experts discusses shadow banking activities, the purposes they serve, the risks they pose to the financial system, and the wider implications for regulators and the regulatory perimeter. Contributors offer high-level and theoretical perspectives on shadow banking and regulatory risks as well as more detailed explorations of specific markets in shadow banking. With perspectives from the United Kingdom, the European Union, the United States, China and Singapore, this Research Handbook discusses a range of wholesale sector shadow banking activities including the rehypothecation of assets, securitization and derivatives as well as the implications of hedge fund activities for systemic risk. Further topics of discussion include a range of shadow banking activities led by financial and technological innovation, such as online equity and debt crowdfunding, the rise of exchange traded funds, and the emergence of crypto-currencies and distributed ledger technology. Interdisciplinary, broad and comprehensive in topic, this Research Handbook will prove to be a one-stop resource for legal academics and practitioners as well as for research students and those participating in the financial industry and trade associations.