English to Romanian Bus/Financial Finance (general) non-depository banks and other financial entities e.g., investment banks, hedge funds, money market funds and insurers

The shadow banking system or the shadow financial system consists of non-depository banks and other financial entities (e.g., investment banks, hedge funds, money market funds and insurers) that grew in size dramatically after the year 2000 and play an increasingly critical role in lending businesses the money necessary to operate. By June 2008, the U.S. shadow banking system was approximately the same size as the U.S. traditional depository banking system.
http://en.wikipedia.org/wiki/Shadow_banking_system

The shadow banking system was built up alongside the traditional banking system, using some of these tools of modern finance we were just talking about like interest rate swaps and credit default swaps. The idea was to make credit cheaper for the ultimate borrower and more available, but also to separate the credit system from the payment system.
http://www.theatlantic.com/business/archive/2009/07/shadow-b...