FSB will focus on regulating shadow banking, Carney says

11/8/2011 | Reuters

Mark Carney, newly appointed head of the Financial Stability Board, said regulating the shadow-banking industry is a priority. "It starts actually through the interface between the regulated and the shadow-banking sectors, because in the end much of the liquidity for shadow banking is provided and maturity transformation is facilitated by the regulated sector," said Mr. Carney, who is also governor of the Bank of Canada.

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