'Shadow Banking' Watchdogs Eye Asset Managers

Law360, New York (November 8, 2013, 2:13 PM EST) -- The so-called “shadow banking” sector has received significant attention from both U.S. and international regulatory bodies in the years since the onset of the recent financial crisis. Regulators appear increasingly concerned about systemic risk posed by the shadow banking sector, and these concerns appear to extend to segments of the asset management industry.

In this article, we provide background regarding the shadow banking system and some of the proposals to subject it to stronger regulation. In light of the diverse and complex nature of the shadow...
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