This article examines how the role of transactional lawyers should change in the new world of shadow banking. Although transactional lawyers should consider the potential systemic consequences of their client's actions, their actions should be tempered by their primary duties to the client and by their responsibilities to the l,egal system more broadly.
Steven L. Schwarcz, Lawyers in the Shadows: The Transactional Lawyer in a World of Shadow Banking, 63 American University Law Review 157-172 (2013)
Library of Congress Subject Headings
Risk management, Banks and banking, Financial institutions, Money market, Risk assessment, Public finance