What Is Shadow Banking?
The "shadow banking system" is a network of financial intermediaries that promote credit creation throughout the global financial system but are not subject to regulatory monitoring. These firms are frequently referred to as "nonbank financial institutions" (NBFCs). Unregulated actions by regulated organizations are often referred to as the "shadow banking system."
The shadow banking system is made up of lenders, brokers, and other credit intermediaries who operate outside of the traditional, r