Stepping Into the Shadows


The phrase “shadow banking” has been developed in the aftermath of the financial crisis and has been widely used by the press to conjure up images of a murky, dangerous world capable of destroying unwary financial institutions and wreaking havoc on the wider financial system. This view has developed partly as a result of the impact that the failure of structured investment vehicles (“SIVs”) and asset-backed commercial paper programmes (“ABCPs”) had during the financial crisis.

At the meeting of the G20 leaders in Seoul in November 2010, the Financial Stability Board (“FSB”) was mandated, in collaboration with other international bodies, to develop recommendations to strengthen the oversight and regulation of the shadow banking system. On April 12, 2011, the FSB published a background note setting out the initial views of a taskforce established by it to seek to...

Please see full bulletin below for more information.

LOADING PDF: If there are any problems, click here to download the file.

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

© Morrison & Foerster LLP | Attorney Advertising

Written by:


Morrison & Foerster LLP on:

Readers' Choice 2017
Reporters on Deadline

"My best business intelligence, in one easy email…"

Your first step to building a free, personalized, morning email brief covering pertinent authors and topics on JD Supra:

Sign up to create your digest using LinkedIn*

*By using the service, you signify your acceptance of JD Supra's Privacy Policy.

Already signed up? Log in here

*With LinkedIn, you don't need to create a separate login to manage your free JD Supra account, and we can make suggestions based on your needs and interests. We will not post anything on LinkedIn in your name. Or, sign up using your email address.