FSB plans to tackle "shadow banking"

09/2/2011 | Reuters · Global Financial Strategy

The Financial Stability Board, set up by the Group of 20 nations, plans to draft rules governing the "shadow banking" industry. The task force developed work streams to focus on different areas, such as securitisation and money market funds, for possible increased oversight. "The workstreams will develop preliminary work plans shortly and report their progress as well as the proposed policy recommendations to the FSB by July 2012, or end 2012 for securities lending/repos," according to an FSB statement.

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Reuters · Global Financial Strategy

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