G-20 Leaders Told More Work Needed To Limit Financial Risks

Law360, New York (September 5, 2013, 4:18 PM EDT) -- The head of a global panel of financial regulators on Thursday told world leaders gathered in Moscow that they need to focus their attention on continued international cooperation on regulation of the shadow banking system, as well as reining in big banks in order to preserve economic stability.

In a letter and progress report to leaders meeting at the G-20 summit, the Financial Stability Board said regulators around the world had made significant progress in making the global financial system safer in the five years since...
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