Brussels, 04/09/2013 (Agence Europe) - On Wednesday 4 September, the European Commission laid the foundations of regulation of shadow banking, presenting a draft regulation on stricter rules for money market funds (MMFs) and a broader communication which highlights coming action.
Internal Market Commissioner Michel Barnier said: “We have regulated banks and markets comprehensively. We now need to address the risks posed by the shadow banking system. It plays an important role in financing...