shadow banking system

listen to the pronunciation of shadow banking system
English - English
Non-bank financial institutions, that, like banks, borrow short and in liquid forms and lend or invest long in more illiquid assets
shadow banking system

    Hyphenation

    shad·ow bank·ing sys·tem

    Turkish pronunciation

    şädō bängkîng sîstım

    Pronunciation

    /ˈsʜaˌdō ˈbaɴɢkəɴɢ ˈsəstəm/ /ˈʃæˌdoʊ ˈbæŋkɪŋ ˈsɪstəm/

    Etymology

    () Attributed to Paul McCulley of PIMCO http://money.cnn.com/2007/11/27/news/newsmakers/gross_banking.fortune/ Beware our shadow banking system, Bill Gross, November 28 2007.
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