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Europe Daily Bulletin No. 10605

1 May 2012
ECONOMY - FINANCE / (ae) banking
Barnier - yes to alternative sources of financing in solid framework

Brussels, 30/04/2012 (Agence Europe) - EU Internal Market Commissioner Michel Barnier has set out the European Commission's plans for dealing with shadow banking, which he described as a complex ecosystem accounting for between 25% and 30% of the world financial market (see EUROPE 10577). “I am aware of the role that alternative sources of financing have to play in these difficult times for the European economy, where the banks have to adhere to more stringent prudential ratios....

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