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Tag: Shadow banking system

Major Default Looms in China’s Huge ‘Shadow Banking’ System

A shockwave is looming in China's multi-trillion dollar "shadow banking" system, with an unprecedented default only days away on a $500 million investment product sold to hundreds of people. Staff at China's biggest bank ICBC pushed the "Credit Equals…

What Exactly is “Shadow” Banking?

There is much confusion about what shadow banking is and why it may create (systemic) risks: Some equate it with securitisation. Others with non-traditional bank activities,...