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The Growth of Shadow Banking: A Comparative Institutional Analysis

15 oct 2018 17:00 - 19:00
Sciences Po
Amphithéâtre Simone Veil
28, rue des Saint-Pères
75007 Paris
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Lecture by Matthias Thiemann (2016-2017 Paris IAS fellow) on the occasion of the launch of his book The Growth of Shadow Banking: A Comparative Institutional Analysis (Cambridge University Press, 2018)

Presentation

The 'shadow banking system' refers to a system of credit-provision occurring outside of the official regulatory perimeter of commercial banks. Facilitated by securitization vehicles, mutual funds, hedge funds, investment banks and mortgage companies, the function and regulation of these shadow banking institutions has come under increasing scrutiny after the subprime crisis of 2007–8. Matthias Thiemann examines how regulators came to tolerate the emergence of links between the banking and shadow banking systems. Through a comparative analysis of the US, France, the Netherlands and Germany, he argues that fractured domestic and global governance systems determining the regulatory approach to these links ultimately aggravated the recent financial crisis. Since 2008, shadow banking has even expanded and the incentives for banks to bend the rules have only increased with increasing regulation. Thiemann's empirical work suggests how state-finance relations could be restructured to keep the banking system under better state control.

More information and registration (Sciences Po's website)

Controlling Systemic Risks: Macroprudential regulation as a cognitive and a political-economic project
01 February 2017 - 30 June 2017
6118
15 Oct 2018 19:00
Matthias Thiemann
No
18523
Talks and lectures
Paris
Contemporary period (1789-…)
Western Europe
Sociology