Fed's Fischer floats shadow bank regulation framework

March 31, 2015 1:48 AM

69 0

Fed's Fischer floats shadow bank regulation framework

STONE MOUNTAIN, Ga. (Reuters) - A top U.S. Federal Reserve official on Monday suggested stress tests and certain capital requirements to contain the risks within the non-bank lending sector, while acknowledging there is little the central bank can do to impose such restrictions.

Fed Vice Chairman Stanley Fischer offered a framework to more tightly regulate the lending activities of hedge funds, mutual funds and other non-bank entities - often referred to as shadow banks - though he was careful to show that he was offering suggestions and not potential central bank rules.

Read more

To category page

Loading...