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Eiopa calls shadow banking definition “too general”

11 June 2012


The European Insurance and Occupational Pensions Authority wants the European Commission to change its definition of shadow banking

Read more: Eiopa European Commission shadow banking insurance

The European Insurance and Occupational Pensions Authority (Eiopa) has called into question the definition of ‘shadow banking’ in the European Commission’s green paper on the subject.

While it agrees with the Commission in using the Financial Stability Board’s (FSB’s) definition of shadow banking, the...