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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region Forums'Shadow Banking' Still Thrives, System Hits $67 Trillion
http://www.cnbc.com/id/49877573The system of so-called "shadow banking," blamed by some for aggravating the global financial crisis, grew to a new high of $67 trillion globally last year, a top regulatory group said, calling for tighter control of the sector.
A report by the Financial Stability Board (FSB) on Sunday appeared to confirm fears among policymakers that shadow banking is set to thrive, beyond the reach of a regulatory net tightening around traditional banks and banking activities.
The FSB, a task force from the world's top 20 economies, also called for greater regulatory control of shadow banking.
WE NEED TO STOP THIS CORRUPTION ...the WORLD ECONOMY can not take this
Prosecute these SOB's
the BANKSTERS are still STEALING
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'Shadow Banking' Still Thrives, System Hits $67 Trillion (Original Post)
lovuian
Nov 2012
OP
xchrom
(108,903 posts)1. Du rec. Nt
librechik
(30,663 posts)2. Thriving like a gigantic tumor gradually killing its host
this is unacceptable.
We still have corruption throughout the whole banking system
banned from Kos
(4,017 posts)4. "Shadow banking" means they are not real banks, you know?
Shadow banks are things like pay-day lenders, leasing companies, insurance, hedge funds, and credit unions.