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Shadow banking risks in non-securitisation SPEs

Author

Listed:
  • Golden, Brian

    (Central Bank of Ireland)

  • Maqui, Eduardo

    (Central Bank of Ireland)

Abstract

Central Bank of Ireland data on non-securitisation SPEs allow for a qualified assessment of shadow banking risks within the sector. While risks appear to be relatively contained, international co-operation is required to undertake a complete risk assessment. Within these SPEs, risks are the most prominent for entities engaged in loan origination, bank-linked portfolio investment or external financing activity. The level of cross-border interconnectedness is high and a full understanding of risks requires an overview of the entire structures, which typically spans more than one jurisdiction.

Suggested Citation

  • Golden, Brian & Maqui, Eduardo, 2018. "Shadow banking risks in non-securitisation SPEs," Economic Letters 12/EL/18, Central Bank of Ireland.
    • Handle: RePEc:cbi:ecolet:12/el/18
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    File URL: https://www.centralbank.ie/docs/default-source/publications/economic-letters/vol-2018-no-12-risks-in-non-securitisation-spes-(golden-and-maqui).pdf?sfvrsn=8
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    References listed on IDEAS

    as
    1. Golden, Brian & Maqui, Eduardo, 2018. "How 'special' are international banks sponsoring Irish-resident SPEs?," Research Technical Papers 14/RT/18, Central Bank of Ireland.
    2. José María Serena & Ramon Moreno, 2016. "Domestic financial markets and offshore bond financing," BIS Quarterly Review, Bank for International Settlements, September.
    3. Dominick Barrett & Brian Golden & Eduardo Maqui, 2017. "New data collection on SPVs in Ireland: findings and implications for the measurement of shadow banking," IFC Bulletins chapters, in: Bank for International Settlements (ed.), Statistical implications of the new financial landscape, volume 43, Bank for International Settlements.
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    Cited by:

    1. Martin Hodula & Ngoc Anh Ngo, 2021. "Does Macroprudential Policy Leak? Evidence from Non-Bank Credit Intermediation in EU Countries," Working Papers 2021/5, Czech National Bank.

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