shadow bank
A 'shadow bank' operates like a traditional bank but is not regulated as one, making it a significant player in the financial system.
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Definition
C1Finance
(technical, economics)A financial institution that conducts banking activities, such as lending and borrowing, without being regulated like traditional banks.
Example
- Shadow banks play a crucial role in providing credit to various sectors.
- Unlike traditional banks, shadow banks are not subject to the same stringent regulations.
Similar
Terms that have similar or relatively close meanings to "shadow bank":