References
- Adrian, T. & Shin, H. S. (2010). Liquidity and leverage. Journal of Financial Intermediation, 19(3), 418–437.
- Babic, M., Huijzer, J., Garcia-Bernardo, J. & Valeeva, D. (2022). How does business power operate? A framework for its working mechanisms. Business and Politics, 24(2), 133–150.
- Baines, J. & Hager, S. B. (2023). From passive owners to planet savers? Asset managers, carbon majors and the limits of sustainable finance. Competition & Change, 27(3-4), 449–471.
- Baker, A. (2013). The new political economy of the macroprudential ideational shift. New Political Economy, 18(1), 112–139.
- Black, F. (1970). Fundamentals of liquidity. University of Chicago Press.
- BlackRock. (2014a). Letter to SEC Secretary Lew. Retrieved from https://www.sec.gov/comments/am-1/am1-35.pdf
- BlackRock. (2014b). Comments on the consultative document of assessment methodologies for identifying non-bank non-insurer global systemically important financial institutions. Retrieved from https://www.fsb.org/wp-content/uploads/r_140423h.pdf
- BlackRock. (2014c). Who owns the assets? Developing a better understanding of the flow of assets and implications for financial regulation. ViewPoint. Retrieved from https://www.blackrock.com/corporate/literature/whitepaper/viewpoint-who-owns-the-assets-may-2014.pdf?n=90737
- BlackRock. (2015a). BlackRock response, re notice seeking comment on asset management products and activities (FSOC 2014-0001). Retrieved from https://www.blackrock.com/corporate/literature/publication/fsoc-request-for-comment-asset-management-032515.pdf
- BlackRock. (2015b). Comments on the consultative document (2nd) assessment methodologies for identifying non-bank non-insurer global systemically important financial institutions. Retrieved from https://www.fsb.org/wp-content/uploads/BlackRock.pdf
- BlackRock. (2015c). Addressing market liquidity. ViewPoint. Retrieved from https://www.blackrock.com/corporate/literature/whitepaper/viewpoint-addressing-market-liquidity-july-2015.pdf
- BlackRock. (2016). Comments on the consultative document for proposed policy recommendations to address structural vulnerabilities. Retrieved from https://www.fsb.org/wp-content/uploads/BlackRock1.pdf
- BlackRock. (2017). Macroprudential policies and asset management. ViewPoint. Retrieved from https://www.blackrock.com/corporate/literature/whitepaper/viewpoint-macroprudential-policies-and-asset-management-february-2017.pdf
- BlackRock. (2018). Taking market-based finance out of the shadows. ViewPoint. Retrieved from https://www.blackrock.com/corporate/literature/whitepaper/viewpoint-taking-market-based-finance-out-of-the-shadows-february-2018.pdf
- BlackRock. (2019). Public comment on IOSCO report: Leverage. Retrieved from https://www.blackrock.com/corporate/literature/publication/iosco-public-comment-on-iosco-report-leverage-020119.pdf
- BlackRock. (2020). Lessons from COVID19: Overview of financial stability and non-bank financial institutions. ViewPoint. Retrieved from https://www.blackrock.com/corporate/literature/whitepaper/viewpoint-lessons-from-covid-overview-financial-stability-september-2020.pdf
- Bonizzi, B. & Kaltenbrunner, A. (2024). International financial subordination in the age of asset manager capitalism. Environment and Planning A: Economy and Space, 56(2), 603–626.
- Boston Consulting Group. (2023). The tide has turned: Global asset management 2023. Retrieved from https://www.bcg.com/publications/2023/the-tide-has-changed-for-asset-managers
- Braun, B. (2022). Exit, control, and politics: Structural power and corporate governance under asset manager capitalism. Politics & Society, 50(4), 630–654.
- Broome, A. & Seabrooke, L. (2007). Seeing like the IMF: Institutional change in small open economies. Review of International Political Economy, 14(4), 576–601.
- Brunnermeier, M. K. & Pedersen, L. H. (2009). Market liquidity and funding liquidity. Review of Financial Studies, 22(6), 2201–2238.
- Carpenter, D. & Moss, D. A. (Eds.). (2013). Introduction. In Preventing regulatory capture: Special interest influence and how to limit it (pp. 1–22). Cambridge University Press.
- Dal Bó, E. (2006). Regulatory capture: A review. Oxford Review of Economic Policy, 22(2), 203–225.
- De Smet, J. (2022). The systemic importance of asset managers: A case study for the future of SIFI regulation. European Business Law Review, 35(2), 227–262.
- Engelen, E. (2017). How shadow banking became non-bank finance. In A. Nesvetailova (Ed.), Shadow banking: Scope, origins and theories (pp. 40–74). Routledge.
- Federal Deposit Insurance Corporation (FDIC). (2012). Restructuring the banking system to improve safety and soundness. Thomas Hoenig and Charles Morris. Retrieved from https://www.fdic.gov/about/learn/board/restructuring-the-banking-system-05-24-11.pdf
- Fein, M. (2012). The shadow banking charade. Retrieved from https://www.sec.gov/comments/s7-04-09/s70409-95.pdf
- Fichtner, J. & Heemskerk, E. M. (2020). The new permanent universal owners: Index funds, patient capital, and the distinction between feeble and forceful stewardship. Economy and Society, 49(4), 493–515.
- Financial Stability Board (FSB). (2010). Reducing the moral hazard posed by systemically important financial institutions: FSB recommendations and time lines. Retrieved from https://www.fsb.org/wp-content/uploads/r_101111a.pdf?page_moved=1
- Financial Stability Board (FSB). (2011). Shadow banking: Scoping the issues: A background note of the Financial Stability Board. Retrieved from https://www.fsb.org/wp-content/uploads/r_110412a.pdf
- Financial Stability Board (FSB). (2012). Global shadow banking monitoring report 2012. Retrieved from https://www.fsb.org/wp-content/uploads/r_121118c.pdf
- Financial Stability Board (FSB). (2013). Global Shadow Banking Monitoring Report 2013. Retrieved from https://www.fsb.org/wp-content/uploads/r_131114.pdf
- Financial Stability Board (FSB). (2015a). Public response to the March 2015 consultative document: Assessment methodologies. Retrieved from https://www.fsb.org/2015/06/public-responses-to-march-2015-consultative-document-assessment-methodologies-for-identifying-nbni-g-sifis/
- Financial Stability Board (FSB). (2015b). Transforming shadow banking into resilient market-based financing: An overview of progress. Retrieved from https://www.fsb.org/wp-content/uploads/shadow_banking_overview_of_progress_2015.pdf
- Financial Stability Board (FSB). (2016). Consultative document: Proposed policy recommendations to address structural vulnerabilities from asset management activities. Retrieved from https://www.fsb.org/wp-content/uploads/FSB-Asset-Management-Consultative-Document.pdf
- Financial Stability Board (FSB). (2017). Policy recommendations to address structural vulnerabilities from asset management activities. Retrieved from https://www.fsb.org/wp-content/uploads/FSB-Policy-Recommendations-on-Asset-Management-Structural-Vulnerabilities.pdf
- Financial Stability Board. (2021). Lessons learnt from the COVID-19 pandemic from a financial stability perspective. Retrieved from https://www.fsb.org/wp-content/uploads/P130721.pdf
- Financial Stability Oversight Council (FSOC). (2011). Authority to require supervision and regulation of certain non-bank financial companies: Summary. Retrieved from https://www.regulations.gov/document/FSOC-2011-0001-0045
- Financial Stability Oversight Council (FSOC). (2012). Authority to require supervision and regulation of certain non-bank financial companies. Retrieved from https://www.regulations.gov/document/FSOC-2011-0003-0017
- Financial Stability Oversight Council (FSOC). (2016). Minutes of the FSOC. Retrieved from https://home.treasury.gov/system/files/261/April%2018%2C%202016%20Minutes.pdf
- Financial Times. (2013). Asset managers fear more oversight from US Treasury. Retrieved from https://www.ft.com/content/789bd516-2ac3-11e3-ade3-00144feab7de
- Financial Times. (2015a). Big US fund managers fight off ‘systemic’ label. Retrieved from https://www.ft.com/content/4cd1e06a-2a44-11e5-acfb-cbd2e1c81cca
- Financial Times. (2015b). Plans to label big fund managers ‘systemic’ in jeopardy. Retrieved from https://www.ft.com/content/bff61c56-14ef-11e5-a51f-00144feabdc0
- Forbes. (2013). Our worst fears about Dodd Frank’s FSOC are being confirmed. Retrieved from https://www.forbes.com/sites/realspin/2013/11/26/our-worst-fears-about-dodd-franks-fsoc-are-being-confirmed/?sh=4f8d64e93c86
- G20. (2011). Cannes summit final declaration. Building our common future: The renewed collective action for the benefit of all. Retrieved from http://www.g20.utoronto.ca/2011/2011-cannes-declaration-111104-en.html
- Global Association of Risk Professionals (GARP). (2016). GARP leverage letter in response to referenced consultative document. Retrieved from https://www.fsb.org/wp-content/uploads/Global-Association-of-Risk-Professionals-GARP.pdf
- Haldane, A. (2014, April 4). The age of asset management. Speech at the London Business School. Retrieved from https://www.bankofengland.co.uk/-/media/boe/files/speech/2014/the-age-of-asset-management.pdf?la=en&hash=673A53E92A9EB43E5689ED7BE33628F62C4871F1
- Hardie, I. & Macartney, H. (2016). EU ring-fencing and the defence of too-big-to-fail banks. West European Politics, 39(3), 503–525.
- Hurst, W. (2021). Reflecting upon James Scott’s Seeing like a state. Polity, 53(3), 498–506.
- International Monetary Fund (IMF). (2020). Central bank support to financial markets in the coronavirus pandemic. Special series on COVID-19. International Monetary Fund. Retrieved from https://www.imf.org/en/Publications/SPROLLs/covid19-special-notes
- International Organization of Securities Commissions (IOSCO). (2015). Meeting the challenges of a new financial world. Retrieved from https://www.iosco.org/news/pdf/IOSCONEWS384.pdf
- Investment Company Institute (ICI). (2011). Time to stamp out the confusion around ‘shadow banking’. Retrieved from https://www.ici.org/viewpoints/view_11_mmfs_fsb
- Investment Company Institute (ICI). (2012). European Commission green paper on shadow banking. Retrieved from https://www.ici.org/doc-server/pdf%3A26243.pdf
- Investment Company Institute (ICI). (2014). Assessment methodologies for identifying non-bank non-insurer global systemically important financial institutions: Proposed high-level framework and specific methodologies. Retrieved from https://www.ici.org/doc-server/pdf%3A14_ici_fsb_gsifi_ltr.pdf
- Investment Company Institute (ICI). (2015). Consultative document (2nd): Assessment methodologies for identifying non-bank non-insurer global systemically important financial institutions: Proposed high-level framework and specific methodologies. Retrieved from https://www.ici.org/doc-server/pdf%3A15_ici_fsb_comment.pdf
- James, S. & Quaglia, L. (2023). Epistemic contestation and interagency conflict: The challenge of regulating investment funds. Regulation & Governance, 17(2), 346–362.
- Klausen, J. C. (2021). Seeing too much like a state? Polity, 53(3), 476–484.
- Kodres, L. (2019). Shadow banks: Out of the eyes of regulators. Finance and Development Papers. International Monetary Fund. Retrieved from https://www.imf.org/en/Publications/fandd/issues/Series/Back-to-Basics/Shadow-Banks
- Kwak, J. (2014). Incentives and ideology. Harvard Law Review Forum, 127(7), 253–258.
- Lee, M. N. M. (2015). Dreams of the Hmong Kingdom: The quest for legitimation in French Indochina, 1850–1960. University of Wisconsin Press.
- Macartney, H., Howarth, D. & James, S. (2020). Bank power and public policy since the financial crisis. Business and Politics, 22(1), 1–24.
- Mehrling, P. (2012). The inherent hierarchy of money. In L. Taylor, A. Rezai & T. Michl (Eds.), Social fairness and economics: Economic essays in the spirit of Duncan Foley (pp. 394–404). Routledge.
- Moschella, M. (2012). Seeing like the IMF on capital account liberalisation. New Political Economy, 17(1), 59–76.
- Novick, B. (2019). Remarks at the OeNB macroprudential policy conference: ‘Agnostic on non-banks?’ Retrieved from https://www.blackrock.com/corporate/literature/publication/barbara-novick-remarks-oenb-macroprudential-policy-conference-050919.pdf
- Office of Financial Research (OFR). (2013). Asset management and financial stability. Retrieved from https://financialresearch.gov/reports/files/ofr_asset_management_and_financial_stability.pdf
- Pagliari, S. & Young, K. (2016). The interest ecology of financial regulation: Interest group plurality in the design of financial regulatory policies. Socio-Economic Review, 14(2), 309–337.
- Pape, F. (2020). Rethinking liquidity: A critical macro-finance view. Finance and Society, 6(1), 67–75.
- Pasqual, A., Singh, R. & Surti, J. (2021). Investment funds and financial stability: Policy considerations. International Monetary Fund Departmental Paper No. 2021/018. Retrieved from https://www.imf.org/en/Publications/Departmental-Papers-Policy-Papers/Issues/2021/09/13/Investment-Funds-and-Financial-Stability-Policy-Considerations-464654
- Quaglia, L. (2022). The perils of international regime complexity in shadow banking. Oxford University Press.
- Ryan, D. (2014). Nonbank SIFIs: No solace for US asset managers. Harvard Law School Forum. Retrieved from https://corpgov.law.harvard.edu/2014/03/27/nonbank-sifis-no-solace-for-us-asset-managers/
- Scott, J. C. (1998). Seeing like a state: How certain schemes to improve the human condition have failed. Yale University Press.
- Scott, J. C. (2009). The art of not being governed: An anarchist history of upland Southeast Asia. Yale University Press.
- Scott, J. C. (2021). Further reflections on Seeing like a state. Polity, 53(3), 507–514.
- Securities and Exchange Commission (SEC). (2014). Public feedback on OFR study on asset management issues. Retrieved from https://www.sec.gov/comments/am-1/am1-52.pdf
- Thiemann, M. (2024). Taming the cycles of finance? Central banks and the macro-prudential shift in financial regulation. Cambridge University Press.
- Vetterlein, A. (2012). Seeing like the World Bank on poverty. New Political Economy, 17(1), 35–58.
- Wagner, W. (2010). Administrative law, filter failure, and information capture. Duke Law Journal, 59(7), 1321–1432.