15 November 2013
The Financial Stability Board (FSB) published a suite of documents on 18 November 2012 relating to its ongoing consultation on shadow banking. The documents outline the current status of the consultation and, for the first time, set out clear policy recommendations in respect of the different workstreams that the FSB had identified.
The emerging clarity around regulatory policy is welcomed, as is the recognition by the FSB that shadow banking provides a real benefit to the economy: the FSB recommendations specifically acknowledge that, under certain conditions, non-bank credit intermediation can increase the resilience of the financial system.
FSB Policy Recommendations: November 2012 – A Silhouette of the Future of Shadow Banking