Walled Gardens and Shadow Banking

Abstract

This chapter starts by reviewing four broad regulatory approaches that exemplified state-of-the-art in major jurisdictions: market-driven approach (the United States), state-driven approach (China), rights-driven approach (the European Union) and innovation-driven approach (the United Kingdom, Singapore, Hong Kong SAR). This chapter then examines possible regulatory updates with regards to walled gardens and shadow banking, the first two of the challenges first identified in Chapter 3. The next two chapters will then examine possible regulatory updates to address the remaining challenges identified.

Citation

Moenjak, T. (2024), "Walled Gardens and Shadow Banking", Central Banking at the Frontier, Emerald Publishing Limited, Leeds, pp. 83-101. https://doi.org/10.1108/978-1-83797-130-520241006