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NON-BANK FINANCIAL COMPANIES VS. BANKS IN THE EUROPEAN UNION: A SERIOUS REGULATORY ASYMMETRY WITH CONSEQUENCES
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Grażyna Szustak 
Abstract
This paper discusses the urgent need to regulate the parallel banking system, an issue which is growing in strength – and which is both topical and very important for the security and stability of the EU financial market. It aims to identify the roles and motives of banks in the creation and development of EU NBFCs, with particular focus on the regulatory asymmetry between them. It also analyses the currently emerging and possible future negative effects of such cooperation, including a dangerous accumulation of systemic risk.
Keywords: European Union, Shadow Banking, Banking System, Basel III, Banking Union, Green Paper, Systemic Risk, Financial Instability
How to cite this paper: Szustak, G. (2013). Non-bank financial companies vs. banks in the European Union: a serious regulatory asymmetry with consequences. [Conference issue]. Corporate Ownership & Control, 11(1-1), 18-23. https://doi.org/10.22495/cocv11i1conf1p2
