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Banking secrecy

World news about “Banking secrecy” published by euronews.


EU turns spotlight on ‘shadow banking’ sector

EU turns spotlight on ‘shadow banking’ sector

The unregulated "shadow banking" sector is facing stricter rules to help avert another financial crisis in the EU. The industry is estimated to be worth 24 trillion euros in Europe. Analyst Frederic Hache, from 'Finance Watch,' explained it how it works. "Shadow banking is…