FSB releases detail of enhanced shadow banking regulation

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On Thursday, the Financial Stability Board (FSB) released a new report setting out its plans to take on the shadow banking industry.

The FSB reiterates the importance of proper control being administered over an area that has significant implications for the stability of the global financial system.

In the first section, it outlines its approach to strengthen the oversight and regulation of this sector, which it describes as, "the system of credit intermediation that involves entities and activi

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