In this way, the potential  1  2  For a fuller discussion, see Daniel K. Tarullo (2012), “Shadow Banking after the Financial Crisis,” remarks delivered at the Federal Reserve Bank of San Francisco Conference on Challenges in Global Finance, San Francisco, California, June 12.
BIS central bankers’ speeches  over-inclusiveness for financial stability purposes of the tag “shadow banking” can be better avoided. Even nonbank intermediaries that engage in lending to consumers or small businesses are not monolithic, insofar as the sources of their funding – and thus attendant run risks – may differ markedly.