Shadow banks increasingly in regulators’ sightsBy Farah Khalique
May 2, 2023
After years of watchful waiting, financial regulators are starting to crack down on the ballooning $239.3tn shadow banking sector.
Last month, the Financial Stability Oversight Council (FSOC) in the US released groundbreaking proposals that would make it easier to classify shadow banks as systemically important. The multi-regulator’s decisive move comes ...