Tagged: shadow banking

Traditional Banks are Really Shadow Finance & Wells Fargo Proves it.

Over the past several years, traditional financial services firms have thrown shade at alternative finance platforms by labeling them “Shadow Finance.” This oblique reference to Fintech firms seeking to disrupt and dethrone old school banks is standard banter on the various financial news networks. Even… Read More

The Financial Stability Board Publishes Report on Shadow Banking

The Financial Stability Board (FSB) is an international body that monitors and makes recommendations about the global financial system. Based in Switzerland, the FSB was established in 2009, in part, a response to the global financial crisis that shocked the world. Ostensibly the FSB is… Read More

Fed Vice Chair Warns Against “Shadow Banks”

In a speech entitled, “Financial Stability and Shadow Banks: What We Don’t Know Could Hurt Us“, Federal Reserve Vice Chairman Stanley Fischer cautioned that while much has been done to reduce shadow banking risk, more needs to be done. The theme appears to be gaining… Read More

Dick Bove is Right About Dodd-Frank but Wrong About Marketplace Lending

Dick Bove, an equity research analyst and frequent commentator on CNBC, has published an Op-Ed on CNBC about the legislative disaster called Dodd-Frank.  Bove does not mince words when he states,  “I thought it would be impossible to find a worse piece of legislation in… Read More

In China, ‘Finding The Right Balance Between Financial Reform And Risk Prevention Will Be One Of The Most Important Issues Of Our Time’

  “Finding the right balance between financial reform and risk prevention will be one of the most important issues of our time,” writes Ruizhe Zhang of Dagong Global Credit Rating Co Ltd, in a recent China Daily op-ed on ECNS. Following the release of Internet finance guidelines… Read More

Shadow Banking In China: Tighter Regulations Slowing Core Alternative Finance Activity, But Others Expanding More Quickly, Says Moody’s

  Moody’s Investor Service on Monday said that tighter regulations in China, which is Aa3 stable, have been successful in slowing the growth of core “shadow banking” activity. However, other alternative banking activities have been expanding more rapidly–a situation akin to pushing down on an inflating air mattress and watching the surrounding space rise… Read More

‘It’s A Lot Of Money….Enough For Us To Build What We Wanted To Build”: Dianrong.com CEO On New Valuation of ‘About’ $1 Billion

A major Chinese peer-to-peer lender, Dianrong.com, now claims a valuation of “around” $1 billion, due to its latest round of fundraising, according to the company’s CEO, Soul Htite, in a conversation with CNBC (Reuters also contributed to the story). U.S. investment firm Tiger Global was the source… Read More

Peer to Peer Lending: Taking The Fear Out Of “Shadow Banking”

For years now, big bank lenders have warned the public about the dangers of dealing with “shadow” (i.e. non-bank) lending institutions. The term itself conjures up images of shady back-room deals where you’re handed money in a paper bag and told to pay it back… Read More

CFA Institute Calls for Standardization & Transparency in “Shadow Banking” Sector

The CFA Institute seeks to lead investment professionals around the globe promoting high standards in ethics and professional excellence. The organization claims over 130,000 members in 147 different countries.  As the traditional financial industry plods along, new forms of finance have leveraged technology to innovate… Read More

Here Comes the Sun: Sunlight (Not Shadow) Banking Heralds the Future

  Sunlight is said to be the best of disinfectants…” Former US Supreme Court Judge Louis Brandeis The old guard is trying to define marketplace lending as part of a murky “shadow banking” industry.  Banking analyst Richard Bove concluded in a recent Rafferty Capital Markets… Read More