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The Alternative Investment Management Association

Alternative Investment Management Association Representing the global hedge fund industry

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Shadow Banking

The G20 instructed the Financial Stability Board (FSB) to develop recommendations to strengthen the oversight and regulation of the shadow banking system.   The initial shadow banking definition proposed by the FSB was so broad as to include large portions of the asset management sector, including hedge funds.


Consultation documents

FSB consultation paper - integrated overview of policy recommendations (November 2012) 

FSB consultation paper - policy framework for oversight and regulation of shadow banking entities (November 2012) 

FSB consultation paper - policy framework for addressing shadow banking risks in securities lending and Repos (November 2012)

Shadow Banking: scoping the issues (April 2011)


AIMA documents

Response to FSB consultation paper - Strengthening Oversight and Regulation of Shadow Banking – Policy Framework for Addressing Shadow Banking Risks in Securities Lending and Repos (November 2013)

Summary - Developments in the shadow banking debate (October 2013)

Response to FSB consultation paper - initial integrated set of recommendations to strengthen oversight and regulation of shadow banking (January 2013)

Response to European Commission Green Paper on Shadow Banking (June 2012)

Research Paper - The role of credit hedge funds in the financial system: asset managers, not shadow banks (March 2012)

Response to FSB consultation - Shadow Banking: scoping the issues (May 2011)


Other documents

Shadow Banking: Addressing new sources of risk in the financial sector (September 2013)

Shadow Banking: Policy framework for strengthening oversight and regulation of Shadow Banking entities (29 August 2013)

Shadow Banking: Strengthening Oversight and Regulation - An Overview of Policy Recommendations (29 August 2013)

Shadow Banking: Policy framework for addressing Shadow Banking risks in securities lending and repos (29 August 2013)

ECON Report on Shadow Banking (2012/2115(INI)) (25 October 2012)

European Commission Green Paper - Shadow Banking (March 2012)

Shadow Banking: Strengthening Oversight and Regulation - Recommendations of the FSB (October 2011)

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  1. AIMA's Policy Principles
  2. Asset Management Regulation
    1. EU Asset Management Regulation
      1. AIFMD
      2. European Capital Markets Regulation
      3. MiFID / MiFIR
      4. UCITS
        1. ETFs and Structured UCITS
      5. Venture Capital
      6. Shareholder Rights Directive
    2. US Hedge Fund Adviser Regulations
      1. Registration and Reporting
      2. Incentive-Based Compensation
      3. JOBS Act
    3. Asia Pacific Asset Management regulation
    4. Other Jurisdictions’ Asset Management Regulation
    5. Regulation of NBFCs / SIFIS
    6. Supervision
      1. UK regulatory reform
      2. European Supervisory Authorities
      3. US Self-Regulatory Organisations
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      2. MiFID / MiFIR
      3. MAD / MAR
      4. Flash Crash
      5. IOSCO
      6. Germany
      7. CFTC Automated Trading
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      1. Solvency II
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      2. Indices as Benchmarks
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    2. FAIFs and FINROFs
    3. FATCA
    4. FIN 48 and IAS 12
    5. Financial Transaction Tax
    6. Investment Manager Exemption
    7. UK Offshore Funds Regime
    8. Other
  5. Search
  6. Resources
    1. Guidance Notes
    2. Jurisdictional Guides
    3. Noticeboard
      1. BEPS
      2. Dealing Commission
      3. Derivatives
      4. FATCA
      5. FTT
      6. High Frequency Trading
      7. MiFID / MiFIR
      8. Other Hot Asset Management Topics
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      10. Position Limits
      11. Trading
      12. UK Partnership Tax Review
      13. Volcker Rule
    4. Hedge Fund Manager Training
    5. Quarterly Regulatory Update
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    7. Regulatory Compliance Association
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