Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-11-20-Speech-2-403-500"

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"en.20121120.28.2-403-500"2
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"This is a non-legislative report, which represents Parliament’s response to the Commission’s Green Paper on Shadow Banking. Shadow banking, such as hedge funds and trading houses, is currently outside the scope of EU financial regulation. Nevertheless, it is seen as being a contributory factor in the economic crisis as, through their connection with regular banks, shadow banks can allow areas of systemic risk to develop without being noticed or monitored. I supported this report as it proposes measures for reducing the systemic risk posed by shadow banking, by extending regulation to cover shadow banks, while not seeking to lessen the benefits such banks bring to the real economy."@en1
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