We need simple new names for financial market institutions (Premium Content)

We argue for better language to describe various functions in financial markets. There are banks and bank holding companies that offer a wide variety of credit intermediation and agency services. There are nonbanks including hedge funds and asset managers that provide liquidity and offer credit intermediation. Calling something Shadow Banking doesn’t work when we are talking about financial market activities since banks can perform supposedly Shadow Banking activities, and nonbanks like insurance companies and corporates issue funding obligations, like a bank, on a regular basis. The language doesn’t work. We propose here some straight-forward alternatives based on function, not form.

Please to view this content. (Not a member? Subscribe Today!)

Related Posts

Previous Post
Hong Kong Monetary Authority consults on “No Creditor Worse Off Than in Liquidation” (NCWOL)
Next Post
At the IMN Beneficial Owners conference in San Francisco: CCPs and sec lending

Related Posts

You do not have permission to view the comments.

Please Login to post a comment

Menu
X

Reset password

Create an account