Breakingviews.com Europeans Favor Regulating ‘Shadow Banks’
Wednesday, February 25, 2009 : PermalinkNew York Times – Hedge funds and the rest of the so-called shadow banking system are almost certainly going to face more regulation. But governments should not try to supervise them directly; instead, it would be far more productive for governments to monitor how they borrow to leverage their investments.
The political momentum for regulating shadow banks is building in advance of a meeting in April in London of representatives of the Group of 20 economies. That much is clear from the European leaders’ meeting over the weekend.
Tags: banking system, banks, european leaders, governments, investments, london, new york times, political momentum
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