Last modified on 19 June 2013, at 01:15

shadow banking system

EnglishEdit

EtymologyEdit

Attributed to Paul McCulley of PIMCO [1].

NounEdit

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 termsEdit

See alsoEdit

ReferencesEdit

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