Actual and Potential Use of Unregulated Financial Institutions for Transnational Crime

This chapter contains sections titled: History of the Subprime Crisis and the Role of Hedge Funds, Finance Companies and Planners, and Mortgage Brokers Current Prudential Regulatory System Governing NBFIs Role of Hedge Funds Potential for Systemic Risk and Contagion from Hedge Funds, Mortgage Lenders, and Unregulated Finance Companies Lack of Protection of Borrowers and Lenders Exposed by the Subprime Credit Crisis Mechanisms for Transnational Crime Conclusion: A Regulatory Black Hole and a Field Rife for Future Research Notes