Regulating Shadow Banking
Channel: Economic Policy Institute
Date: 2013-11-22

Commercial banks -- the traditional focus of financial regulation--no longer stand at 
the center of the financial system. In the run up to the financial collapse of 2008, new 
forms of credit assumed an ever larger role, creating an unprecedented web of 
complexity and interconnectedness. The crisis revealed that broker-dealers, money 
market funds, asset managers, and insurance companies have become key actors in 
the financial system, with the potential to shake the stability of the whole economy. 
 
Dodd Frank gave regulators additional tools for the oversight of non-bank entities 
and 'shadow banking'. But significant controversy exists concerning how these tools 
should be used. Join prominent experts, reform advocates, and regulators for a 
discussion of market-mediated credit and the steps needed to integrate it into a safer 
and more sustainable financial system.