Honohan, Patrick, (2010), “The Irish banking crisis, regulatory and financial stability policy 2003–2008”, a report to the Minister for Finance by the Governor of the Central Bank, May. http://www.bankinginquiry.gov.ie/The%20Irish%20Banking%20Crisis%20Regulatory%20and %20Financial%20Stability%20Policy%202003-2008.pdf Honohan, Patrick, and Luc Laeven, (2005) (eds. ), Systemic Financial Crises: Containment and Resolution, Cambridge University Press, UK. Igan, Deniz and Heedon Kang, (2011), “Do Loan-to-Value and debt-to-Income Limits Work?
Not all of what some might call shadow banking activity represents a market failure that creates excessive risk to financial stability, and so it would be wrong to assume that all shadow banking ought to be regulated to safeguard financial stability. This view is reflected in the Global Shadow Banking Monitoring Report for 2015, which has just been issued by the Financial Stability Board.