Revue Académique de la Recherche Juridique
Volume 14, Numéro 2, Pages 269-290
2023-12-31
The Role Of The Financial Stability Board In Reducing Shadow Banking Risks
Authors : Al-saedi Haifaa .
Abstract
appeared many the financial institutions that engage in activities such as those that practice them banks However, it is not subject to bank supervision Therefore ، it is difficult to verify the extent to which its activities comply with the supervisory rules regulating banking business. Based on the foregoing, a financial shadow system has been formed that is managed by high financial intermediaries For investors who seek higher returns than banks offer, and this system is growing steadily in a low-interest world, and at the same time it imposes new challenges on central banks through the latter 's responsibility to monitor and protect the financial system and achieve stability in it. Accordingly, we note the influential role of shadow banks in economic life and the system Market-based finance, especially in the period preceding the global financial crisis , due to the development of the shadow system Banking in developed countries, as well as the increasingly emerging economies , and the accompanying development in financing methods The economy, including financial derivatives, as well as the diversification of funding sources with a variety of Financial institutions represented by shadow banking. However, the development and spread of shadow banking has risks that are manifested in particular in not being subject to prudential supervision, which makes this banking a source of risk that exposes the financial system. The financial crises that could extend to become global, similar to what happened in the global financial crisis. Thus, the shadow banking system is launched On financial operations that take place outside the scope of the financial statements of banks Where they are institutions where banking operations have been established far away On the control of the monetary authorities and without obtaining credit facilities, the intent of the bank central. Here, the role of the Financial Stability Board is played in supervising shadow banking in an attempt to maintain the stability of international economies.
Keywords
Shadow Bank ; Market Risk ; Liquidity ; Oversight
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