(derogatory, banking, economics, finance) Bank-like activities that are not subject to existing bank regulation.

(banking, derogatory) An entity that illegally performs banking functions. / (banking, economics, finance) An entity not subject to banking regulation that performs banking functions.

plural of shadow bank

(derogatory, banking, finance, economics) Non-bank financial institutions, that, like banks, borrow short and in liquid forms and lend or invest long in more illiquid assets.

plural of shadow banking system

plural of shadow banker

(banking, economics, finance) An agent connected to a shadow banking.