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Image header Agence Europe
Europe Daily Bulletin No. 10665
ECONOMY - FINANCE - BUSINESS / (ae) finance

Investment funds under spotlight in shadow banking probe

Brussels, 27/07/2012 (Agence Europe) - The European Commission has opened a consultation process that will run until Thursday 18 October 2012 on unregulated activities by investment funds covered by the EU UCITS (Undertakings for Collective Investment in Transferable Securities) Directive. It is seeking the opinion of interested parties on potential dangers to financial stability generated by certain shadow banking techniques (lending securities and pensioning off) used by monetary funds and...

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