’Shadow’ banks face 2015 deadline to comply with first global rules

The US$60 trillion “shadow banking” sector has been given until 2015 to fully comply with its first set of global rules, after an international regulatory task force unveiled plans to curb risk without strangling economic recovery.

via Business feed http://www.scmp.com/business/banking-finance/article/1300555/shadow-banks-face-2015-deadline-comply-first-global-rules