Shadow Bay - Kayaking Trails

Lane County, OR, USA

Shadow Bay - Kayaking Trails

8395 KM of you

The shadow banking system is a term for the collection of non-bank financial intermediaries that provide services similar to traditional commercial banks but outside normal financial regulations. Former US Federal Reserve Chair Ben Bernanke provided the following definition in November 2013: "Shadow banking, as usually defined, comprises a diverse set of institutions and markets that, collectively, carry out traditional banking functions — but do so outside, or in ways only loosely linked to, the traditional system of regulated depository institutions. Examples of important components of the shadow banking system include securitization vehicles, asset-backed commercial paper [ABCP] conduits, money market funds, markets for repurchase agreements, investment banks, and mortgage companies" Shadow banking has grown in importance to rival traditional depository banking, and was a primary factor in the subprime mortgage crisis of 2007-2008 and the global recession that followed. Valerio Lemma, an associate professor of Banking Law who consults on regulatory compliance, argues that the lack of regulatory supervision of the shadow banking system is a market failure.

Trail name
Awesome destination
Est.time
2 hours 45 minutes
Distance
2.5 km
Main destination
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