Financial Stability Board should define shadow banking, Irish market supervisor says
Important to have clear definition of shadow banking sector, says Gareth Murphy
The Financial Stability Board (FSB) is the best body to define shadow banking for purposes of regulation, said the Central Bank of Ireland's director of markets supervision in a speech in London on October 9.
It was important to differentiate between the two questions in the current debate on regulating shadow banking, said Gareth Murphy. The first was "how do we define shadow banking?" and the second "how should exposures to shadow banking activities be managed?"
Banking supervisors dealing
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