U.S. regulators struggle in effort to tackle shadow banking

April 1, 2015 5:27 PM

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Stone Mountain, Ga., April 1 (Reuters) - U.S. financial regulators are struggling to agree on how to tackle the huge network of lenders operating outside of traditional banking channels, as worries grow that the lack of oversight over this system is increasing systemic risks.

While the Federal Reserve has vowed to ramp up its efforts to rein in the risks posed by non-bank lenders, defining the sector known as "shadow banks," and forming a strategy to regulate it continues to elude the central bank.

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