Europe casts net wide on shadow banking

23 Nov 2012

The European Parliament called for the European Commission to look into shadow banking this week, casting its net wide by including covered bonds in the review.

In a resolution passed on Tuesday, the parliament stressed the need to avoid risk building up outside the banking system as stricter regulations there came into effect.

Among numerous other elements of the non-legislative resolution on shadow banking, the parliament called for covered bonds to be included in ...

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