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It’s Time To Act On Shadow Banking
Monday, October 8th, 2012
Sep. 14, 2012
Regulation of shadow banking should focus on the risks posed to the financial system as a whole, or systemic risks. In each major area of shadow banking in Canada, there is one key regulatory step that needs to be taken in Canada to reduce the extent of instability in the next financial cycle… the federal government can pass legislation where there is a national “need to prevent and respond to systemic risk” in the securities area.
Tags: economy, globalization, privatization, rights, standard of living
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