Shadow Banking System Larger than at the Start of the Financial..

Read More: http://newsdoors.blogspot.com/2012/11/shadow-banking-system-larger-than-at.html

The failure to regulate the shadow banking system was one of the causes of the financial crisis.

As we noted in 2009, the Bank for International Settlements – often described as a central bank for central banks (BIS)  – slammed the Federal Reserve for failing to rein in the shadow banking system:

How could such a huge shadow banking system emerge without provoking clear statements of official concern?

Read More: http://newsdoors.blogspot.com/2012/11/shadow-banking-system-larger-than-at.html