Overview

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 markets, securitisation 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 crowd-funding, the rise of exchange-traded funds, and the emergence of crypto-currencies and distributed ledger technology. Inter-disciplinary, 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. Contributors include: J.M. Amico, V. Baklanova, S. Bala, I. Chiu, J. Cullen, E. Curtin, P. de Gioia Carabellese, A. Donovan, E. Greene, P. Hanrahan, C. Hofmann, M. Hsiao, C. Johnson, M. Lin, I.G. MacNeil, H. McVea, H. Nabilou, A.M. Pacces, W. Shen, J. Tanega

Full Product Details

Author:   Iris H.-Y. Chiu ,  Iain G. MacNeil
Publisher:   Edward Elgar Publishing Ltd
Imprint:   Edward Elgar Publishing Ltd
ISBN:  

9781785362620

ISBN 10:   1785362623
Pages:   480
Publication Date:   25 May 2018
Audience:   Professional and scholarly ,  Professional & Vocational
Format:   Hardback
Publisher's Status:   Active
Availability:   To order  
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Table of Contents

Contents: The Risks and Regulatory Perimeter for Shadow Banking Iris H-Y Chiu and Iain G. MacNeil Part 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 Part 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 US Tri-Party Repo Market Christian Johnson 6. Targeting Hedge Funds and 'Repo Runs' Harry McVea 7. Regulating OTC Derivatives: The CCP's Role and the EMIR Mark Hsiao 8. Shadow Banking Directive Instruments Edmond J. Curtin and Joseph Tanega Part III Shadow Banking in the Retail Sector and Issues Relating to Financial Innovation 9. Blockchain, Marketplace Lending and Crowdfunding: 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. European Money Market Fund Regulations and Universal Transparency Joseph Tanega and Viktoria Baklanova 13. Exchange Traded Funds in the Shadow Banking System Pamela F. Hanrahan Part 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

Reviews

`The Research Handbook brings a heavyweight group of contributors to the disparate group of financial activities called shadow banking . Under the distinguished editorship of Professors Chiu and MacNeil, it provides an analysis of issues relating to financial regulation, the law, and policy making, which is both contemporary and of the highest quality.' -- The Hon Sir William Blair, Queen Mary University of London, UK `In the ten years since the financial crisis, we have seen a broad spectrum of the functions traditionally performed by banks being taken up by other players. This is one of the most fascinating fields of economics and regulation in the world of financial intermediaries. The books covers the entire spectrum of this new field, both wholesaleâ as well as retail: a truly valuable contribution to this important topic.' -- Katja Langenbucher, Goethe Universitat Frankfurt, Germany

`In the ten years since the financial crisis, we have seen a broad spectrum of the functions traditionally performed by banks being taken up by other players. This is one of the most fascinating fields of economics and regulation in the world of financial intermediaries. The books covers the entire spectrum of this new field, both wholesaleâ as well as retail: a truly valuable contribution to this important topic.' -- Katja Langenbucher, Goethe Universitat Frankfurt, Germany

'This book is edited by two of the most eminent scholars in financial law. Together with a list of authoritative contributors in their respective fields, this is to date the most definitive book on the subject matter from regulatory perspectives. It is more than a research handbook, it is the go-to book on this subject matter with great insights. This research handbook is an outstanding scholarly book for financial law academics and postgraduate research students. If you are a legal practitioner in financial law, the comprehensiveness and profound debates in this single collection of articles about shadow banking makes it a must read!' -- Angus Young, Journal of International Banking Law and Regulation 'The Research Handbook brings a heavyweight group of contributors to the disparate group of financial activities called shadow banking . Under the distinguished editorship of Professors Chiu and MacNeil, it provides an analysis of issues relating to financial regulation, the law and policy-making which is both contemporary and of the highest quality.' -- The Hon. Sir William Blair, Queen Mary, University of London, UK 'In the ten years since the financial crisis, we have seen a broad spectrum of the functions traditionally performed by banks being taken up by other players. This is one of the most fascinating fields of economics and regulation in the world of financial intermediaries. The book covers the entire spectrum of this new field, both wholesale as well as retail: a truly valuable contribution to this important topic.' -- Katja Langenbucher, Goethe-Universitat Frankfurt, Germany

Author Information

Edited by Iris H.-Y. Chiu, Professor of Corporate Law and Financial Regulation, University College London and Iain G. MacNeil, Alexander Stone Professor of Commercial Law, University of Glasgow, UK

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