If at term «Shadow banking» or «shadow banking», with all the dark connotations that the shadows suggest, we add that these are operations that may be beyond the reach of the regulator, we obtain a financial process that provokes curiosity and intrigue, something unusual.
The "shadow banking" can be as broad as we want. It is that financing obtained by companies and individuals outside of financial institutions. Bank financing is replaced by going to fixed-income markets, equity markets or alternative markets.
Focusing on what is most relevant and innovative of "shadow banking", it should be noted that this is mainly based on financing