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Published on Monday, March 6, 2017 | Updated on Wednesday, February 7, 2018

Shadow banking: time to step out into the light

The avalanche of banking regulation has had as a side effect an increase in the growth of shadow banking. This business has been favoured by laxer regulation and supervision. In fact there is no uniform international supervision or regulation, nor is there a transparent and exhaustive macroprudential framework.

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