Dec. 18 – French bank reform proposals dominate Wednesday’s agenda in Europe, but the signs are that President Hollande will row back on earlier anti-bank rhetoric. Bank of England minutes in focus in the UK. Banks make extensive use of shadow banking to get around the rules, with worrying consequences. Shadow banking hugely exacerbated the fallout from Lehmans Brothers’ collapse in 2008 and yet there is now more banking-like activity going on in shadow banks than there is in banks themselves. This poses real risks to global financial stability. This is the third in a series of four videos investigating different areas of the international finance system. Each is a short introduction to a major challenge we face if we want to reform global finance and make it work for people and the planet.Video Rating: 5 / 5 Europe Day Ahead: Anti-bank? Moi?
Dec. 18 – French bank reform proposals dominate Wednesday’s agenda in Europe, but the signs are that President Hollande will row back on earlier anti-bank rhetoric. Bank of England minutes in focus in the UK.
Banks make extensive use of shadow banking to get around the rules, with worrying consequences. Shadow banking hugely exacerbated the fallout from Lehmans Brothers’ collapse in 2008 and yet there is now more banking-like activity going on in shadow banks than there is in banks themselves. This poses real risks to global financial stability. This is the third in a series of four videos investigating different areas of the international finance system. Each is a short introduction to a major challenge we face if we want to reform global finance and make it work for people and the planet.Video Rating: 5 / 5 Europe Day Ahead: Anti-bank? Moi?
Banks make extensive use of shadow banking to get around the rules, with worrying consequences. Shadow banking hugely exacerbated the fallout from Lehmans Brothers’ collapse in 2008 and yet there is now more banking-like activity going on in shadow banks than there is in banks themselves. This poses real risks to global financial stability. This is the third in a series of four videos investigating different areas of the international finance system. Each is a short introduction to a major challenge we face if we want to reform global finance and make it work for people and the planet.Video Rating: 5 / 5
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