shadow bank
Noun
Meaning
(banking, derogatory) An entity that illegally performs banking functions.
(banking, economics, finance) An entity not subject to banking regulation that performs banking functions.
Source: en.wiktionary.orgNoun
(banking, derogatory) An entity that illegally performs banking functions.
(banking, economics, finance) An entity not subject to banking regulation that performs banking functions.
Source: en.wiktionary.org