Fischer sets sights on shadow banks

Stanley Fischer
Stanley Fischer
David Vaaknin

US regulators need to "get moving" on strengthening non-bank financial institutions, which make up a large proportion of the financial system and yet fall largely outside the reach of regulation, Federal Reserve vice-chair Stanley Fischer said today.

Fischer told an audience at the Deutsche Bundesbank he estimated non-banks made up around 60% of the US financial sector in terms of credit supplied, based on flow-of-funds data.

The non-bank sector is notoriously hard to measure, but Fischer said h

To continue reading...

You must be signed in to use this feature.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: