Press Release: Taking action on shadow banking: avoiding new sources of risk in the financial sector

So that the EU learns all the lessons from the crisis, it is implementing ambitious regulatory reforms in the financial sector in general and in the banking sector in particular. This will contribute to creating a stronger and sounder financial sector at the service of the real economy. As part of these reforms, it is now time to deal with the growing area of non-bank credit activity, or so-called "shadow banking", which has so far not been a prime focus of prudential regulation and supervision.

European Commission: Memo/12/191: Green Paper on Shadow Banking - Frequently asked questions http://europa.eu/rapid/pressReleasesAction.do?reference=MEMO/12/191&format=HTML&aged=0&language=EN&guiLanguage=en

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