I want to know the answer to the following question:
What is the "parallel" banking system also called?
All the background I'm provided with is that "In a June 2008 speech, President and CEO of the New York Federal Reserve Bank Timothy Geithner—who in 2009 became Secretary of the United States Treasury—placed significant blame for the freezing of credit markets on a "run" on the entities in the "parallel" banking system, also called the shadow banking system.". Is that enough to answer the question?
Answer: yes