HomeLatest ThreadsGreatest ThreadsForums & GroupsMy SubscriptionsMy Posts
DU Home » Latest Threads » Forums & Groups » Main » Latest Breaking News (Forum) » Task force says global sh...

Mon Nov 19, 2012, 02:50 AM

Task force says global shadow banking hits $67 trillion

Source: Reuters

BRUSSELS, Nov 18 (Reuters) - The 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.

"The FSB is of the view that the authorities' approach to shadow banking has to be a targeted one," the group wrote in a report, noting the current lax regulation of the sector.

Read more: http://www.reuters.com/article/2012/11/18/shadow-banking-regulation-idUSL5E8MI6F320121118



Activist News http://activistnews.org/

6 replies, 2023 views

Reply to this thread

Back to top Alert abuse

Always highlight: 10 newest replies | Replies posted after I mark a forum
Replies to this discussion thread
Arrow 6 replies Author Time Post
Reply Task force says global shadow banking hits $67 trillion (Original post)
cory777 Nov 2012 OP
napoleon_in_rags Nov 2012 #1
pam4water Nov 2012 #3
napoleon_in_rags Nov 2012 #6
littlemissmartypants Nov 2012 #2
pam4water Nov 2012 #4
Daniel537 Nov 2012 #5

Response to cory777 (Original post)

Mon Nov 19, 2012, 03:13 AM

1. Listen to Gordon Chang on this.



The upshot is that we absolutely no idea what's actually going on with China, because they are so deep in these shadow banking arrangements. This would be a curiosity, if the whole future of America wasn't tied to them.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to napoleon_in_rags (Reply #1)

Mon Nov 19, 2012, 07:55 AM

3. Marked to watch later. O:

Reply to this post

Back to top Alert abuse Link here Permalink


Response to pam4water (Reply #3)

Mon Nov 19, 2012, 08:46 AM

6. Its worth it. All eyes are on Xi Jinping, this really matters.

China is at an unstable time, but with right reforms it can blossom into a strong consumer state, with the people having fun, buying their own goods, and even buying our goods to create harmony in trade relations. But things go south, and there is a world of shit for all involved: They become a terrifying, unstable military power with vast technological expertise (the fear of this driving Obama's "pivot" to the Asian realm) and our economic dependence with them leads to disaster for us. Everybody who knows the big picture right now is watching China, prayerfully watching China.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to cory777 (Original post)

Mon Nov 19, 2012, 04:27 AM

2. LMSP kicking...n/t

Reply to this post

Back to top Alert abuse Link here Permalink


Response to cory777 (Original post)

Mon Nov 19, 2012, 07:56 AM

4. Quick, someone from Anonymous, hack the shadow bank and play off the nation debt. They probably wont

Last edited Mon Nov 19, 2012, 08:47 AM - Edit history (1)

even notice the 16 trillion gone

Reply to this post

Back to top Alert abuse Link here Permalink


Response to cory777 (Original post)

Mon Nov 19, 2012, 08:39 AM

5. Don't worry

I'm sure we have a bailout package for them on stand-by, just in case of course.

Reply to this post

Back to top Alert abuse Link here Permalink

Reply to this thread