EC Aims To Focus Regulatory Glare On Shadow Banking

Law360, New York (March 19, 2012, 3:29 PM EDT) -- The European Commission on Monday unveiled a broad outline for bringing the so-called shadow banking system, which includes hedge funds and private equity funds, under stricter regulatory supervision by extending existing rules for banks to other financial institutions engaging in similar activities.

In a consultation document in advance of global meetings on the shadow banking sector, the EU's executive body laid out its definition of participants in the €46 trillion ($60.6 trillion) market, which is made up of financial institutions that in many ways perform similar...
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