• 13-APR-2015

  • SOURCE: EPP TV

Putting shadow banking in the spotlight to prevent next crisis

A new EU law to regulate forms of non-bank financing, dubbed shadow banking, will enforce transparency and set out the rules. The legislation, a three-way negotiation between the European Parliament, Commission and Council, aims to preserve an important source of financing while better informing investors of the risks, establishing a set of rules, and preventing another financial crisis caused by a lack of transparency. Available material includes an edited package.