Regulation of Shadow Banks
Course Instructors: Enrico Perotti, Bart Joosen and Roger Laeven (University of Amsterdam); Iman van Lelyveld (Free University of Amsterdam and DNB)
Area: Financial Stability and Regulation
This course will focus on the following topics:
- Financial and prudential aspects, with some attention to its legal underpinnings.
- Shadow banking understood as a financial segment that expands and contracts credit outside the regulatory perimeter.
- Key elements of shadow banking regulation as well as emerging issues related to their relevance for macro-prudential policy.
- European (as well as some US) legislation on insurance companies, money mutual funds and central clearing platforms for derivatives.
- Review of typical shadow banking funding and lending strategies such as secured credit and security lending.
This course is targeted at Financial Stability officers, Research department officers, Ph.D. and Post-doctoral researchers, Assistant Professors, Research department of private banks, EBA, SSM, SRB, ESRB, EU officials. Participants are expected to have a degree in Social Sciences and to have a general command of EU financial regulation.