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IBFed Response on Shadow Banking

21 Oct 2014

Shadow banking reform remains a top priority for the Financial Stability Board (FSB). In its February 2014 letter to the G20 members and their respective central banks (G20 Letter), the FSB refers to shadow banking as a “core element” of financial reform and highlights the G20 goal of “[t]ransforming shadow banking to transparent and resilient market-based financing.” IBFed believes that shadow banking reform and regulation is essential for the proper functioning of the global financial markets. We agree with FSB’s statement that “continued support of G20 finance ministers and central bank governors will be critical to ensure that we don’t just fix past fault lines but build a system that can evolve with the global economy to support strong, sustainable and balanced growth across the G20.”

IBFed Response on Shadow Banking
 
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