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Statistical work on shadow banking: development of new datasets and indicators for shadow banking. (2017). Brence, Rok ; Agresti, Anna Maria.
In: IFC Bulletins chapters.
RePEc:bis:bisifc:46-19.

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  1. The impact of macroeconomic and financial factors on shadow banking in the new EU member states. (2020). Stojkov, Aleksandar ; Petkovski, Mihail ; Kjosevski, Jordan.
    In: Zbornik radova Ekonomskog fakulteta u Rijeci/Proceedings of Rijeka Faculty of Economics.
    RePEc:rfe:zbefri:v:38:y:2020:i:2:p:407-427.

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  1. • Non-securitisation special purpose entities might be excluded if they are not part of a credit intermediation chain • The FSB excludes entities prudentially-consolidated within banking groups from the narrow perimeter of the shadow banking • The main reason why ESRB measures do not exclude consolidated entities is the lack of reliable data Rubric www.ecb.europa.eu ESRB approach: Macro measurement (4/4) • Broad measure comprises the OFI sector plus IFs • Total assets amount in Q3 2016 • EU-wide to € 39 trillion • Euro area to € 30 trillion • Outstanding amounts grew 300% over the past decade; upward trend is clear • Share is 37% of EU financial sector assets • ESRB decided not to apply FSB criterion for narrowing down focus on risks Chart: Broad measure of EU and euro area shadow banking (investment funds and other financial institutions) (€ trillions and annual growth rates; last observation: Q3 2016) Source: ECB and ECB calculations.
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  2. Agresti A, Patrizia B and Poloni (2008): “The ECB and IMF indicators for the macro-prudential analysis of the banking sector: a comparison of the two approaches”.

  3. Agresti, A M (2015): “Shadow banking: Some considerations for measurements purposes”. Agresti, A., Israël, J-M., and Jackson, C. (2013): “Non-bank financial intermediation in the euro area: current challenges”, Banks and Bank Systems, Vol. 8(4).
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  4. Bakk-Simon, K, Borgioli, S, Giron, C, Hempell, H, Maddaloni, A., Recine, F and Rosati, S (2012): “Shadow banking in the euro area: an overview”, ECB Occasional Paper Series, No. 133.

  5. BIS (2015): “Consolidation and corporate groups: an overview of methodological and practical issues” Prepared by a Task Force of the Inter-Agency Group on Economic and Financial Statistics August 2015.
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  6. Claessens, S. and Ratnovski, L. (2014): “What is Shadow Banking?”, IMF Working Paper, No. 14/25.

  7. Constâncio, V, (2015): ”Financial stability risks, monetary policy and the need for macro-prudential policy”, speech at the Warwick Economics Summit, 13 February.
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  8. Deloitte (2012): “The Deloitte Shadow Banking Index: Shedding light on banking’s shadows”, Deloitte Center for Financial Services.
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  9. EBA (2014): “Opinion on the perimeter of credit institutions”.
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  10. EBA (2015): “Consultation Paper Draft EBA Guidelines on limits on exposures to shadow banking entities which carry out banking activities outside a regulated framework under Article 395”, Regulation (EU) No. 575/2013”, London 2015.
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  11. ECB (2011): “The financial crisis in the light of the euro area accounts: a flow-of-funds perspective”, Monthly Bulletin, October, pp. 99-120.
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  12. Errico, L, Harutyunyan, A, Loukoianova, E, Walton, R, Korniyenko, Y, Amidžic, G, AbuShanab, H, and Shin, H, S (2014): “Mapping the Shadow Banking System Through a Global Flow of Funds Analysis”, IMF Working Paper, No. 14/10.

  13. ESRB (2016), Occasional Paper: “Shedding light on dark markets: First insights from the new EU-wide derivatives dataset”.
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  14. ESRB (2016a): “ESRB Macroprudential policy beyond banking: an ESRB strategy paper” July 2016.
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  15. ESRB (2016b): “Assessing shadow banking – non-bank financial intermediation in Europe” No 10/ July 2016.
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  16. ESRB (2017): “Second ESRB EU Shadow Banking Monitor”.
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  17. FSB (2011a): “Shadow Banking: Scoping the Issues. A Background Note of the Financial Stability Board”, 12 April.
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  18. FSB (2012), Global Shadow Banking Monitoring Report 2012, 18 November.
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  19. FSB (2013a), Strengthening Oversight and Regulation of Shadow Banking. Policy Framework for Strengthening Oversight and Regulation of Shadow Banking Entities, 29 August.
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  20. FSB (2013b), Global Shadow Banking Monitoring Report 2013, 14 November.
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  21. FSB (2014a), Consultative Document: Assessment Methodologies for Identifying Non-Bank NonInsurer Global Systemically Important Financial Institutions, 8 January.
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  22. FSB (2014b), Global Shadow Banking Monitoring Report 2014, 5 November.
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  23. FSB (2014c), Standards and processes for global securities financing data collection and aggregation, 13 November.
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  24. Godfrey, B, and Golden, B, (2012): “Measuring Shadow Banking in Ireland using Granular Data”, Central Bank of Ireland Quarterly Bulletin, October, pp. 82-96.

  25. Harutyunyan, A., Massara, A., Ugazio, G., Amidzic, G., Walton R. (2015): “Shedding Light on Shadow Banking”, IMF Working Paper, No. 15/1.

  26. IFC-National Bank of Belgium Workshop on "Data needs and Statistics compilation for macroprudential analysis" Brussels, Belgium, 18-19 May 2017 Statistical work on shadow banking: development of new datasets and indicators for shadow banking1 Anna Maria Agresti and Rok Brence, European Central Bank This presentation was prepared for the meeting. The views expressed are those of the authors and do not necessarily reflect the views of the BIS, the IFC or the central banks and other institutions represented at the meeting.
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  27. IMF (2013): “Global Financial Stability Report 2013”, October.
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  28. IMF (2014a): “Global Shadow Banking Monitoring Report 2014”, April.
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  29. IMF (2014b): “Global Shadow Banking Monitoring Report 2014”, October.
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  30. Pozsar, Z, (2014): “Shadow banking: The Money View”, Office of Financial Research Working Paper, No. 14/4.

  31. Pozsar, Z, Adrian, T, Ashcraft, A and Boesky, H (2010): “Shadow banking”, Federal Reserve Bank of New York Staff Report, No. 458, July.
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  32. Pozsar, Z, and Singh, M (2011): “The nonbank-bank nexus and the shadow banking system”, IMF Working Paper, No. 11/289.

  33. Statistical work on Shadow banking: Development of new datasets and indicators for shadow banking 19 FSB (2011b), “Shadow Banking: Strengthening Oversight and Regulation. Recommendations of the Financial Stability Board”, 27 October.
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  34. Tarullo, D,K, (2013): “Shadow Banking and Systemic Risk Regulation”.
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  5. Statistical work on shadow banking: development of new datasets and indicators for shadow banking. (2017). Brence, Rok ; Agresti, Anna Maria.
    In: IFC Bulletins chapters.
    RePEc:bis:bisifc:46-19.

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