In To The Shadows

By | June 20th, 2017|Advisor Insights|

According to the Orwellian-sounding Financial Stability Board, “shadow banking” is credit intermediation involving entities and activities outside the regular banking system – lending, in other words, done by anything other than a bank. Gee, what could possibly go wrong with that. “There can be no doubt that besides the regular types of the circulating medium, [...]