ECB warns that shadow banking could trigger next financial crisis | Forex Factory

  • ECB warns that shadow banking could trigger next financial crisis

    From businesspost.ie

    The shadow banking sector is the “soft spot in the financial system” and could trigger the next financial crisis, the vice-president of the European Central Bank (ECB) has warned. In the aftermath of the rescue of Credit Suisse last week, Luis de Guindos told the Business Post that he believed the European banking sector was “sound and resilient”, but the non-bank sector “could be a source of problems for the whole financial system”. The non-bank sector involves firms which are engaged in bank-like activities, but are neither registered nor regulated as banks. These include the likes of funds, insurance ... (full story)

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Ferna
Mar 26, 2023 1:13pm
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To be honest you could trust a dealer on the street with your money more than the central banks.
When will you pay the shareholders of Credit Suisse for your raid on a bank without any sane reason?
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