ABSTRACT
Reflexive relations of finance and regulation point to the importance of shadow banking and its role for global financial hierarchies. Pierre Bourdieu discussing the production of the economic field accentuated the power struggle involved when it comes to processes of (economic) integration. This chapter, thus, highlights the role of shadow banking and its regulation for integrating the global financial field. Following Bourdieu, it argues that the homogenisation of the standard setting discourse, i.e. international financial regulation, after the recent financial crisis further concentrates the resources for domination on a global scale via the reflexive process of finance and its regulation along the problem of shadow banking.
