What does shadow bank mean?
Definitions for shadow bank
shadow bank
This dictionary definitions page includes all the possible meanings, example usage and translations of the word shadow bank.
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Wiktionary
shadow banknoun
An entity that illegally performs banking functions.
shadow banknoun
An entity not subject to banking regulation that performs banking functions.
Wikipedia
shadow bank
The shadow banking system is a term for the collection of non-bank financial intermediaries (NBFIs) that provide services similar to traditional commercial banks but outside normal banking regulations. Examples of NBFIs include hedge funds, insurance firms, pawn shops, cashier's check issuers, check cashing locations, payday lending, currency exchanges, and microloan organizations. The phrase "shadow banking" is regarded by some as pejorative, and the term "market-based finance" has been proposed as an alternative. Former US Federal Reserve Chair Ben Bernanke provided the following definition in November 2013: "Shadow banking, as usually defined, comprises a diverse set of institutions and markets that, collectively, carry out traditional banking functions—but do so outside, or in ways only loosely linked to, the traditional system of regulated depository institutions. Examples of important components of the shadow banking system include securitization vehicles, asset-backed commercial paper [ABCP] conduits, money market funds, markets for repurchase agreements, investment banks, and mortgage companies" Shadow banking has grown in importance to rival traditional depository banking, and was a factor in the subprime mortgage crisis of 2007–2008 and the global recession that followed.
Numerology
Chaldean Numerology
The numerical value of shadow bank in Chaldean Numerology is: 9
Pythagorean Numerology
The numerical value of shadow bank in Pythagorean Numerology is: 8
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"shadow bank." Definitions.net. STANDS4 LLC, 2024. Web. 26 Apr. 2024. <https://www.definitions.net/definition/shadow+bank>.
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