Stefanie Schulte

#Shadowbanking was one of the major contributors to the financial crisis. This is why people are now trying to rebrand it as "market based-finance":

https://twitter.com/FinStbBoard/status/862257831222935552

This rebranding effort started years ago:

http://ewaldengelen.blogspot.de/2015/05/mr-carneys-u-turn-on-shadow-banking.html

... but there might have been little real improvement:
https://www.bloomberg.com/view/articles/2017-03-28/shadow-banking-is-getting-bigger-without-getting-better

May 11, 2017 at 11:56amWeb
Show threadStefanie SchulteMay 11, 2017
Before the financial crisis, #shadowbanking (and other "non-traditional" banking activities) increasingly replaced "boring" lending and deposit taking. This is considered the main reason why this crisis was so much worse than earlier financial crises: http://www.bostonfed.org/economic/current-policy-perspectives/2015/cpp1505.pdf#page=4 https://mastodon.cloud/media/2faksMgoL7jdq3vhAVg