Blackrock and Allianz are not shadow banks......
Blackstone, Brookfield, Apollo, Ares etc. are, but not the two mentioned.
Blackstone, Brookfield, Apollo, Ares etc. are, but not the two mentioned.
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@7Trader At its core, PIMCO is not about Allianz as such😉.
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@7Trader I would be very interested to know why you disagree? According to the definition of a shadow bank, in my view the world's largest asset manager is absolutely part of this shadow banking system.
Allianz was referring to the PIMCO division, which in my view also belongs by definition.
Allianz was referring to the PIMCO division, which in my view also belongs by definition.
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@All-in-or-nothing Allianz Global Investors also has almost 600bn AUM and is one of the largest asset managers in Europe
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•@BruceBullridge and @All-in-or-nothing i.e. shadow banks are financial institutions that act like banks but are not subject to traditional supervision (FSB, etc.). They do not issue deposits, but can provide loans or liquidity - e.g. money market funds, securitization vehicles, private debt funds, etc.
BlackRock is definitely not a lender, but an asset manager. It invests capital on behalf of clients such as pension funds, insurance companies or private investors and earns money from management fees, not from interest or loans.
BlackRock is therefore not considered a shadow bank by definition, as it does not grant loans, does not use short-term refinancing and does not bear any balance sheet risks of its own. It only manages other people's money and does not create new loans in the system.
Yes, Blackrock is often associated with shadow banks because it manages huge funds, provides liquidity, has great influence on the financial markets and played an important role in government aid programs in times of crisis. It therefore behaves in part like a shadow bank, but is not one in the strictest sense.
And in the case of Allianz (Prudential, AXA, etc.), it is not the insurance company itself, but only its investment arms that fall into the shadow banking sector.
BlackRock is definitely not a lender, but an asset manager. It invests capital on behalf of clients such as pension funds, insurance companies or private investors and earns money from management fees, not from interest or loans.
BlackRock is therefore not considered a shadow bank by definition, as it does not grant loans, does not use short-term refinancing and does not bear any balance sheet risks of its own. It only manages other people's money and does not create new loans in the system.
Yes, Blackrock is often associated with shadow banks because it manages huge funds, provides liquidity, has great influence on the financial markets and played an important role in government aid programs in times of crisis. It therefore behaves in part like a shadow bank, but is not one in the strictest sense.
And in the case of Allianz (Prudential, AXA, etc.), it is not the insurance company itself, but only its investment arms that fall into the shadow banking sector.
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