The schematic referred to in the above reporting appears below:
The report from which the above schematic was drawn is linked below:
Shadow Banking
Of course, "shadow" banking sysem is only a concern if the result is another Wall Street catastrophe. Given Wall Street's recent record, I suppose investors have every right to worry...
Source: Pozsar, Z; Adrian, T; Ashcraft, A; & Boesky, H (2010; revised, 2012, February), Shadow Banking, Federal Reserve Bank of New York.
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2 comments:
Considering recent events at MF Global where $1.6 billion in client funds are "missing," one has to begin to ponder the full extent of the risk contained in the "shadow" banking system, especially for clearing...
OK no wonder my grandparents kept their cash under the mattress!
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