Ads
related to: shadow accounting system
Search results
Results from the WOW.Com Content Network
Shadow systems (a.k.a. shadow data systems, data shadow systems, shadow information technology, shadow accounting systems [1] or in short: Shadow IT) consist of small scale databases and/or spreadsheets developed for and used by end users, outside the direct control of an organization's IT department.
The shadow banking system also conducts an enormous amount of trading activity in the over-the-counter (OTC) derivatives market, which grew rapidly in the decade up to the 2007–2008 financial crisis, reaching over US$650 trillion in notional contracts traded. [51] This rapid growth mainly arose from credit derivatives. In particular these ...
Operating inefficiencies: Established shadow solutions might prevent overall implementation of more efficient processes due to widespread use or inadequate documentation. The shadow system might also be beyond the capacity of the centralized IT department for integration and maintenance, especially when it becomes "too big to fail".
The world’s second biggest economy is in a rut. Chinese households are spending less money, factory production is slowing and businesses are investing at a slower pace than they were last year.
For premium support please call: 800-290-4726 more ways to reach us more ways to reach us
They are considered to be part of the non-bank financial system, which has two parts, the shadow banking system comprising the "bank sponsored" SIVs (which operated in the shadows of the bank sponsors' balance sheets) and the parallel banking system, made up from independent (i.e. non-bank-aligned) sponsors.
In a June 2008 speech, President and CEO of the Federal Reserve Bank of New York Timothy Geithner—who in 2009 became United States Secretary of the Treasury—placed significant blame for the freezing of credit markets on a run on the entities in the "parallel" banking system, also called the shadow banking system. These entities became ...
An extreme example of shadow economy camouflaged by the financial market is Luxembourg where the relative annual shadow economy is only 8% of the GDP which is the second lowest percentage (2013) of all EU countries whereas its absolute size (€6.800 per capita) is the highest. Map of the national shadow economies per capita in EU countries.
Ads
related to: shadow accounting system