Regulators aim to shine light on shadow banking

Unconventional lenders that have enjoyed a cosy spot while central bankers were busy trying to make banks stronger should watch out as shadow banking is coming back on to regulators' agenda.

Shadow banking, broadly described as intermediation by non-banks such as hedge funds, private capital and venture funds, has so far escaped traditional banking regulation even though some regulators say it worsened the global financial crisis.

via Business feed http://www.scmp.com/business/banking-finance/article/1137360/regulators-aim-shine-light-shadow-banking