Many regulators worry there is the potential for systemic crisis begun by so-called shadow banks. The banks you already know are the last one. In the decade and a half since 2008 the eurodollar world has evolved yet again. The aftermath of that last one opened the door to go back into the shadows.
Eurodollar University's Money & Macro Analysis
Bloomberg US Lays Path for More Financial Giants to Get Fed Oversight
https://www.bloomberg.com/news/articles/2023-11-03/yellen-lays-path-for-more-financial-giants-to-get-fed-oversight
Bloomberg Shadow Bank Loans From US Lenders Surpass $1 Trillion in Fed Data
https://www.bloomberg.com/news/articles/2024-02-10/shadow-bank-loans-from-us-lenders-surpass-1-trillion-in-fed-data
IMF Shadow Banks: Out of the Eyes of Regulators
https://www.imf.org/en/Publications/fandd/issues/Series/Back-to-Basics/Shadow-Banks
https://www.eurodollar.university
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