Shadow Bank Rules May Create 'Maginot Line,' Lenders Say

Law360, New York (June 18, 2012, 2:32 PM EDT) -- An industry lobbying group representing some of the world's top banks on Monday warned that extending blanket bank regulations to the so-called shadow banking sector could create a "Maginot Line" of perceived security that doesn't address real risks to the estimated $60 trillion market.

The report from the International Institute of Finance comes as the leaders of the G-20 gather for a summit meeting in Los Cabos, Mexico. Along with a discussion of the eurozone crisis, the summit is also expected to touch on regulation of...
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