shadow banking system

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English[edit]

Etymology[edit]

Attributed to Paul McCulley of PIMCO [1].

Noun[edit]

shadow banking system (plural shadow banking systems)

  1. (pejorative, banking, finance, economics) Non-bank financial institutions, that, like banks, borrow short and in liquid forms and lend or invest long in more illiquid assets.

Related terms[edit]

See also[edit]

References[edit]

  1. ^ http://money.cnn.com/2007/11/27/news/newsmakers/gross_banking.fortune/ Beware our shadow banking system, Bill Gross, November 28 2007