Since the global financial crisis, regulators have restricted the lending abilities of traditional banks, leaving the riskier bits to non-bank financial institutions. The policy may have gravely backfired

In 2019, Nirmala Sitharaman became India’s first full-time female finance minister. Since taking on the role, she has found that ensuring the country achieves its economic potential is going to be a considerable challenge

An ongoing crisis in India’s shadow banking sector has sparked a credit crunch and contributed to a major economic slowdown in the country, pointing to a need for greater surveillance of these institutions

An underground bank in the south China province of Guangzhou has been shut down following claims it was involved in $70m of illegal asset transfers last month

An overworn focus on China has detracted from the real-world dangers of shadow finance, writes Kim Darrah

China’s cabinet aims to strengthen regulation with regards to shadow banking in an effort to curb the country’s spiralling debt levels