The activities related to the shadow banking have been a major concern since the worldwide economic crisis which took place in 2008. This parallel financial system represents nowadays, a large part of the financial transactions in the developed countries. Like the classical banking system, the shadow banking aims at the transformation of the functions (maturity and liquidity) and the collateralization.
The financial system is made of two complementary systems: the traditional one, and the shadow banking which is at the heart of all majors concerns regarding the funding of the economy. Therefore, the shadow banking will be certainly involved and have consequences on a long term perspective on the world economic development.
Key words : shadow banking, securitization, collateralization, hedge funds, MMF, SPV, Prime Broker, Bank dealer