NEW YORK (Standard & Poor's) May 19, 2011--The recent financial crisis shined a light on shadow banking that has grown brighter as the economic and political aftershocks of the crisis reshape the banking industry. Standard & Poor's Ratings Services believes this shadow-banking system may be well positioned to take on a greater role in lending, according to a report released yesterday titled, "Shadows No More: The Shadow-Banking System Steps Into The Spotlight." "We define shadow banking as the system of finance that exists outside regulated depositories, investment banks, or bond funds. In our view, shadow-banking players differ from traditional banks in three important ways," said Standard & Poor's credit analyst Nik Khakee. They don't typically operate under bank regulatory supervision...
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Research type: News
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