Proposals For The Regulation Of Shadow Banking

I began writing in this space in 2010 in response to the tidal wave of regulatory proposals relating to the securitization industry which emanated from the Securities and Exchange Commission (SEC) and the Canadian Securities Administrators (CSA). Following the initial flurry, and a few follow-ups, there has been a relatively long period of regulatory silence. During that downtime, I have been searching for more general topics of interest, a search which eventually led me to a large body of macroeconomic literature on the topic of shadow banking. Having no economics background, this proved tough sledding for a while until I developed a hard and fast rule of disregarding anything that resembled pages from a statistics or calculus text book. So readers should be forewarned about what follows: it requires no expertise to understand and certainly drew upon none in its composition other than that adopted, liberally, from sources intelligible to a non-expert. I leave it to