West LegalEdcenter Webcast
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One of the key concerns raised by regulators and legislators in the fall-out of the financial crisis was the risks posed by entities carrying out similar functions to banks but being subject to less or no regulation in relation to such activities. These have been referred to generically as “shadow banking”. The Financial Stability Board (“FSB”) has been charged with developing recommendations to strengthen the oversight and regulation of shadow banking and has issued various consultation papers and established a number of work-streams. The EU Commission also issued a green paper and subsequent consultation on shadow banking in March 2012 and has indicated it intends to publish a Communication and draft Regulation on 4 September 2013. This webcast will give a summary of the types of activities likely to fall within the remit of “shadow banking”, an overview of the FSB and EU Commission work and an update as to the scope of the draft EU Regulation to be published in early September.
West LegalEdcenter will offer CLE credit.