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Europe Daily Bulletin No. 10914

5 September 2013
Contents Publication in full By article 1 / 26
ECONOMY - FINANCE - BUSINESS
(AE) FINANCE: Commission prepares to tackle shadow banking

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...