(a) What, according to Cranston (2nd or 3rd edition), is shadow banking? (b) Do you think it was appropriate to fine Sichuan Trust or were the regulators overreacting? (c) What type of regulation, as discussed by Cranston, appears most appropriate here? Please define it and state why it appears appropriate. (d) What local entity in your jurisdiction or region operates in a similar manner to the CBIRC? Explain why that may be necessary.
(a) What, according to Cranston (2nd or 3rd edition), is shadow banking? (b) Do you think it was appropriate to fine Sichuan Trust or were the regulators overreacting? (c) What type of regulation, as discussed by Cranston, appears most appropriate here? Please define it and state why it appears appropriate. (d) What local entity in your jurisdiction or region operates in a similar manner to the CBIRC? Explain why that may be necessary.
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Transcribed Image Text:(a) What, according to Cranston (2nd or 3rd edition), is shadow banking?
(b) Do you think it was appropriate to fine Sichuan Trust or were the regulators overreacting?
(c) What type of regulation, as discussed by Cranston, appears most appropriate here? Please
define it and state why it appears appropriate.
(d) What local entity in your jurisdiction or region operates in a similar manner to the CBIRC?
Explain why that may be necessary.
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