Anastasia Nesvetailova

Dr Anastasia Nesvetailova is Reader in International Political Economy at City University London and Director of City Political Economy Research Centre (CITYPERC). Her publications include Fragile Finance: Debt, Speculation and Crisis in the Age of Global Credit (2007, Palgrave) and Financial Alchemy in Crisis: The Great Liquidity Illusion (2010, Pluto).

Shadow banking, or why black holes are important in the global financial system

The shadow banking sector is now integral to the global financial system. Its architects are constantly seeking to evade oversight and control through the use of offshore accounting and forbidding complexity. The regulatory reforms that followed the 2007-8 crisis are bound to be tested.

By Anastasia Nesvetailova

/ 27 Feb 2014