Shadow banking has made quite a mess and there is no easy way out

THE lure of shadow banking is ever present. Bank of England governor Mark Carney points to shadow banking in emerging markets as the greatest danger to the world economy. That’s serious. Indeed, I receive regular requests to unravel this phenomenon and why it creates such an all-round “con-attitude” every time the concept surfaces.

Posted: 2014-05-31 10:16:00

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