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Tarullo Urges Regulators To Watch For Shadow Banking Risks

Law360, New York (October 21, 2016, 11:54 AM EDT) -- The Federal Reserve’s top regulatory official on Friday said that financial supervisors must guard against risks in the so-called shadow banking sector from causing contagion throughout the rest of the financial system.

Federal Reserve Gov. Daniel K. Tarullo said in a speech at a Columbia University Law School symposium of financial regulation that while the shadow-banking sector had become smaller in the years since the 2008 financial crisis and the passage of the 2010 Dodd-Frank Act, financial activities outside of the regulated banking system is likely...
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