Barnes, Matthew2021-07-202021-07-202021-03-31Barnes, M. (2021) Shadow banking: the next financial crisis? The Company Lawyer, 42 (4), pp. 136-145.0144-1027http://hdl.handle.net/2436/624204This is an accepted manuscript of an article published by Thomson Reuters - Sweet and Maxwell in The Company Lawyer on 31/03/2021, available online: http://www.sweetandmaxwell.co.uk/Catalogue/ProductDetails.aspx?productid=7056&recordid=458 The accepted version of the publication may differ from the final published version.Shadow banking plays an integral part in modern day banking and finance. However, shadow banking is not a modern concept, in fact, it has existed for many years when considering credit outside of banking institutions. Shadow banking was coined around the time of the global financial crisis 2007-2009, but the roots of such run far deeper than this time period. This paper will discuss credit outside of the traditional banking system, shadow banking and the global financial crisis focusing on securitisation, and prominently how shadow banking may be the catalyst for the next financial crisis with a focus on China where it appears rife.application/pdfenChinaEconomic conditionsFinancial regulationSecuritisationShadow bankingJournal article0144-1027The Company Lawyer2021-07-20