The United States effort to begin reining in the risks from shadow banking was recognized by the International Monetary Fund in a recent report as being ahead of the curve, and parts of it could serve as a model for other countries.
Financial Regulatory Forum
(Bernd Debusmann is a Reuters columnist. The opinions expressed are his own)
By Bernd Debusmann
WASHINGTON, March 26 (Reuters) – The trouble with moving big amounts of cash, from a criminal’s point of view, is threefold. It’s bulky, it’s heavy and it smells.
By Kevin Drawbaugh
WASHINGTON, Jan 26 (Reuters) – Bank profits are set to come under serious pressure at the end of 2012 from higher global capital and liquidity standards, but just how bad it gets depends greatly on the future of the “shadow banking system”.