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Article: The Shadow Banking System — Why It Will Hamper the Effectiveness of Basel III

TitleThe Shadow Banking System — Why It Will Hamper the Effectiveness of Basel III
Authors
Keywordsshadow banking
Basel III capital requirements
Financial Stability Board
financial system crisis
systemic risks
Issue Date2015
PublisherSweet & Maxwell Ltd.
Citation
Journal of International Banking Law and Regulation, 2015, v. 30 (Forthcoming) How to Cite?
AbstractThis article examines why regulatory arbitrage and the interconnectivity between the traditional banking and shadow banking systems amplified the pro-cyclicality during the global financial crisis of 2007-2009; and discusses why the regulatory focus should turn to reducing the interconnectedness of the two systems in order to prevent systemic risk to the global financial system. This article also predicts that Basel III’s heightened capital requirements will have a limited impact on curbing shadow banking activities and may inadvertently push traditional banks to rely even more on shadow banking in order to sustain their financial position or to generate greater revenue.
Persistent Identifierhttp://hdl.handle.net/10722/209255
ISSN
SSRN

 

DC FieldValueLanguage
dc.contributor.authorLee, EH-
dc.date.accessioned2015-04-14T05:50:05Z-
dc.date.available2015-04-14T05:50:05Z-
dc.date.issued2015-
dc.identifier.citationJournal of International Banking Law and Regulation, 2015, v. 30 (Forthcoming)-
dc.identifier.issn0267-937X-
dc.identifier.urihttp://hdl.handle.net/10722/209255-
dc.description.abstractThis article examines why regulatory arbitrage and the interconnectivity between the traditional banking and shadow banking systems amplified the pro-cyclicality during the global financial crisis of 2007-2009; and discusses why the regulatory focus should turn to reducing the interconnectedness of the two systems in order to prevent systemic risk to the global financial system. This article also predicts that Basel III’s heightened capital requirements will have a limited impact on curbing shadow banking activities and may inadvertently push traditional banks to rely even more on shadow banking in order to sustain their financial position or to generate greater revenue.-
dc.languageeng-
dc.publisherSweet & Maxwell Ltd.-
dc.relation.ispartofJournal of International Banking Law and Regulation-
dc.subjectshadow banking-
dc.subjectBasel III capital requirements-
dc.subjectFinancial Stability Board-
dc.subjectfinancial system crisis-
dc.subjectsystemic risks-
dc.titleThe Shadow Banking System — Why It Will Hamper the Effectiveness of Basel III-
dc.typeArticle-
dc.identifier.emailLee, EH: eleelaw@hku.hk-
dc.identifier.authorityLee, EH=rp01257-
dc.identifier.hkuros242910-
dc.publisher.placeUnited Kingdom-
dc.identifier.ssrn2587628-
dc.identifier.hkulrp2015/008-

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