Regulators moot rules on $67-tn shadow banking sector | Bangkok Post: news

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Regulators moot rules on $67-tn shadow banking sector

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Financial regulators on Sunday issued a series of recommendations to regulate the non-bank or "shadow" financial sector, which was estimated to be worth $67 trillion (52.5 trillion euros) in 2011. 

Financial regulators on Sunday issued a series of recommendations to regulate the non-bank or "shadow" financial sector, which was estimated to be worth $67 trillion (52.5 trillion euros) in 2011. The US has the world's biggest shadow banking system, with assets of $23 trillion in 2011.

The sector includes hedge funds and finance companies or securities entities that provide credit or credit guarantees without being regulated like a bank.

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