Shadow banking jako element zrównoważonego rozwoju systemu finansowego
Shadow banking as an element of sustainable development financial system

Summary/Abstract: Changes as consequences of financial crisis reflect in the institutional structure of financial system. On the financial markets and particularly in the sector of banking services one can observe the appearance of new types of institutions/market players, whose activity is poorly recognized, not investigated and not identified in terms of strengths and threats in their operation on the financial markets. One of observed post crisis changes and consequences of a new situation on the financial market is the dynamic development of shadow banking sector. One can conclude that the development of shadow banking sector is a response of the financial crisis on the market. In this article the author presents requirements, conditions, and determinants influencing current shape of organizational structure of financial system from the point of possible development of shadow banking sector. The important thing is to point the scale of demand on services and products typical of players in this sector and certain advantages/utilities and threats. The key point of this article is to discuss the necessity, functions and importance of shadow banking sector as a constant element of financial sector, which is shaping in frames of organizational and legislation post crisis changes in the financial services market in the world and in Poland. The phenomena of shadow banking development could be defined as a result of reshaping a modified financial system based on principles of sustainable development, which reflects new needs, challenges and market realities. Taking the changes into consideration, a question appears: Will players of shadow banking sector be a stable part of financial system or using various regulations and new forms of functioning one can decrease the operation scale of that type of financial market players? It is important to discuss the up-to-date experience in the area of shadow banking functioning and perspectives of its development.

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