beSpacificMar 30, 2023
IMF - #ShadowBanks: Out of the Eyes of #Regulators. #ShadowBanking symbolizes one of the many #failings of the #FinancialSystem leading up to the #globalfinancialcrisis. Estimating the #size of the #ShadowBankingSystem is particularly difficult because many of its entities do not report to #government #regulators. https://www.imf.org/en/Publications/fandd/issues/Series/Back-to-Basics/Shadow-Banks #GlobalFinancialRisk #risk #regulators
Shadow Banks: Out of the Eyes of Regulators

Many financial institutions that act like banks are not supervised like banks

IMF
beSpacificMar 15, 2023
New fears for #stability of the #global #FinancialSystem rattled financial markets on Wednesday, after #CreditSuisse acknowledged it found “material weakness” in its #financial reporting, adding uncertainty to the already jittery banking sector in the wake of #SiliconValleyBank collapse. Shares of Credit Suisse were down 20 percent on the news. #European #Banking #FinancialStability #GlobalFinancialRisk Risk #SystemicRisk #GSIB https://www.washingtonpost.com/business/2023/03/15/svb-banking-credit-suisse-stocks/
Swiss National Bank will provide Credit Suisse financial support ‘if necessary’

Shares of the Swiss banking giant fell nearly 20 percent in early trading, creating new uncertainty in the wake of Silicon Valley Bank’s collapse.

The Washington Post