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13.04.2015
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.
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