How to Reduce the Risks Lurking in Shadow Banking: C.D. Howe Institute
"Combatting the Dangers Lurking in the Shadows: The Macroprudential Regulation of Shadow Banking,"
By C.D. Howe Institute —— Bio and Archives--September 5, 2012
Canadian News, Opinion | Comments | Back To Full Article
TORONTO, - Financial regulators should turn their attention to the potential threats to financial stability lurking in the shadow banking system, according to a report released today by the C.D. Howe Institute. In "Combatting the Dangers Lurking in the Shadows: The Macroprudential Regulation of Shadow Banking," David Longworth, former deputy governor of the Bank of Canada, argues greater regulation of the financial entities in the sector is required to mitigate the risks of another run on the shadow banking system exacerbating financial instability, as occurred in the 2008/2009 financial crisis.
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