FSB warns more work needed on shadow banking assessments
Peer review finds implementation of oversight framework remains at an "early stage"
Implementation of the Financial Stability Board (FSB) framework for the oversight and regulation of shadow banks remains at an "early stage", an FSB review said today (May 25).
"More work is needed to ensure that jurisdictions can comprehensively assess and respond to potential shadow banking risks posed by non-bank financial entities," it warned.
One element of the framework, published in 2013, concerns how authorities should define the regulatory perimeter, which involves deciding which
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