Will regulators see the light on shadow banking?

There's no doubt that the health of European banks is concerning, but a bigger financial threat looms in the unwieldy global shadow banking sector.

This time, it is the Reserve Bank of Australia turn to fuss over the stability of the global financial system by putting European banks in the spotlight. The question is when will regulators start to focus on shadow banking — an activity which could cripple the global financial system in days.

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