Consultations

EU News: So that the EU learns all the lessons from the crisis, it is implementing regulatory reforms in the financial sector in general and in the banking sector in particular.  As part of these reforms, it is now time to deal with the growing area of non-bank credit activity, or so-called ‘shadow banking’, which has so far not been a prime focus of prudential regulation and supervision.
 
Last week’s Green Paper sets out how existing and proposed EU measures already address shadow banking activities. Although these measures go some way towards addressing shadow banking entities & activities, there is still further progress to be made given the continually evolving nature of shadow banking and our understanding of it.   Stakeholders are invited to respond to the consultation before 1 June 2012.
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