EU turns spotlight on 'shadow banking' sector

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EU turns spotlight on 'shadow banking' sector

E
euronews (in English)

12 Views • Sep 04, 2013

Description

The unregulated "shadow banking" sector is facing stricter rules to help avert another financial crisis in the EU.

The industry is estimated to be worth 24 trillion euros in Europe.

Analyst Frederic Hache, from 'Finance Watch,' explained it how it works.

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http://www.euronews.net/