Shadow banks: the biggest threat to US financial stability?
Non-bank risks may be the greatest problem facing the Fed’s incoming vice-chair for supervision
The pandemic and the global financial crisis produced a generation expectant of economic turmoil. While regulators have strengthened the banking system, vulnerabilities in other parts of the financial system remain.
Many experts point to shadow banks as a large and unregulated threat to the financial sector, particularly in the US, where such firms play a growing, and systemically important, role.
Shadow banks – or non-bank financial companies – are an assortment of financial intermediaries
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