Delving into the World of Shadow Banks
IMF Podcasts, March 26, 2015
Source details
- Canonical URL
- Delving into the World of Shadow Banks
Other formats
Bibliographic details
- Published: March 26, 2015
Episode overview
- Date: March 26, 2015
- Format: Podcast episode
- Guest: Lord Adair Turner, Senior Fellow at the Institute for New Economic Thinking
- Producers/Hosts:
- Bruce Edwards, International Monetary Fund
- Rhoda Metcalfe, independent journalist and audio producer
- Distribution platforms listed: Libsyn, Spotify, YouTube, Soundcloud, Apple
Key findings and analysis
- Lord Adair Turner argues there is room for non-bank lending institutions in the financial system.
- Turner emphasizes that lending institutions which aren't banks also need regulatory oversight.
- The episode highlights the need to balance the existence of shadow banks with protections achieved through regulation.
Policy recommendations and implications
- Thoughtful regulations should be put in place for non-bank lending institutions to manage risks associated with shadow banking.
- Regulatory frameworks should extend to payday lenders and similar non-bank lending centers to address consumer protection and systemic risk.
Illustrative detail
- Photo caption: "A payday loan center in the UK. Lending institutions, which aren't banks, also need to be regulated, says Turner (photo: Nigel Kirby/Loop Images/Corbis)"