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Les risques du shadow banking en Europe : le point de vue du superviseur bancaire

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  • Danièle Nouy

Abstract

Faced with the challenges raised by shadow banking for financial stability, this article deals with two major issues. On the one hand, it presents the risks created by the shadow banking system and shows that it raises specific risks, as well as complex interactions with the banking system. On the other hand, the article aims at determining the best regulatory framework to address them. It describes the major improvements that have been brought to banking regulation contributing to a form of ?indirect? regulation of shadow banking: by setting rigorous standards for banking groups, one may influence operations within the unregulated sector. The financial crisis demonstrated, however, that this approach was necessary but not sufficient. Today, there is a certain consensus for a dual approach to go forward: to elaborate ?horizontal? regulations for some specific activities and to limit or even ban some activities for banks, without however jeopardizing banking business models. Classification JEL: G21, G28.

Suggested Citation

  • Danièle Nouy, 2013. "Les risques du shadow banking en Europe : le point de vue du superviseur bancaire," Revue d'économie financière, Association d'économie financière, vol. 0(1), pages 221-238.
    • Handle: RePEc:cai:refaef:ecofi_109_0221
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    Cited by:

    1. Henri Fraisse & Christophe Hurlin, 2024. "Modèles internes des banques pour le calcul du capital réglementaire (IRB) et intelligence artificielle," Débats économiques et financiers 44, Banque de France.
    2. repec:hal:spmain:info:hdl:2441/7986np0ssj9fu9fg833t5dehhf is not listed on IDEAS
    3. repec:hal:spmain:info:hdl:2441/4s2r6d8kua98d9veu2un1vm9vh is not listed on IDEAS
    4. Stéphane Loisel, 2014. "Reevaluation of the capital charge in insurance after a large shock: empirical and theoretical views," Post-Print hal-02013669, HAL.
    5. M. Lé, 2013. "Deposit Insurance Adoption and Bank Risk-Taking: the Role of Leverage," Débats économiques et financiers 9, Banque de France.
    6. Cyril Pouvelle., 2022. "An Analysis of Financial Conglomerate Resilience: A Perspective on bancassurance in France [Une analyse de la résilience des conglomérats financiers : Une perspective sur la bancassurance en France," Débats économiques et financiers 39, Banque de France.
    7. Paul Beaumont & Huan Tang & Éric Vansteenberghe, 2024. "Collateral Effects: The Role of FinTech in Small Business Lending [Effets collatéraux : le rôle des Fintechs dans le financement des petites et moyennes entreprises]," Débats économiques et financiers 42, Banque de France.
    8. repec:spo:wpmain:info:hdl:2441/4s2r6d8kua98d9veu2un1vm9vh is not listed on IDEAS
    9. repec:spo:wpmain:info:hdl:2441/7986np0ssj9fu9fg833t5dehhf is not listed on IDEAS
    10. Xavier Timbeau, 2015. "A diverging Europe on the edge. The independent Annual Growth Survey 2015," Post-Print hal-03620048, HAL.
    11. Céline Antonin & Christophe Blot & Jérôme Creel & Paul Hubert & Fabien Labondance & Vincent Touzé, 2014. "Comment lutter contre la fragmentation du système bancaire de la zone euro ?," Revue de l'OFCE, Presses de Sciences-Po, vol. 0(5), pages 171-219.
    12. Eric Monnet, & Angelo Riva, & Stefano Ungaro., 2021. "The Real Effects of Bank Runs. Evidence from the French Great Depression (1930-1931) [Les effets réels des ruées bancaires : l’exemple de la Grande Dépression en France (1930-1931)]," Débats économiques et financiers 37, Banque de France.
    13. Paul Beaumont & Huan Tang & Eric Vansteenberghe, "undated". "Effets collatéraux : le rôle des Fintechs dans le financement des petites et moyennes entreprises," Analyse et synthèse 157, Banque de France.
    14. J. Hombert & V. Lyonnet, 2017. "Intergenerational Risk Sharing in Life Insurance: Evidence from France," Débats économiques et financiers 30, Banque de France.
    15. Théo Nicolas., 2023. "Bank Market Power and Interest Rate Setting: Why Consolidated Banking Data Matte [Pouvoir de marché des banques et fixation des taux d’intérêt : de l’importance de prendre en compte les données ban," Débats économiques et financiers 40, Banque de France.
    16. C. Labonne & C. Welter-Nicol, 2015. "MERCURE : Cheap Credit, Unaffordable Houses?," Débats économiques et financiers 20, Banque de France.
    17. B. Camara & F.-D. Castellani & H. Fraisse & L. Frey & C. Héam & L. Labonne & V. Martin, 2015. "MERCURE : A Macroprudential Stress Testing Model developed at the ACPR," Débats économiques et financiers 19, Banque de France.

    More about this item

    JEL classification:

    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
    • G28 - Financial Economics - - Financial Institutions and Services - - - Government Policy and Regulation

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