Green Paper on Shadow Banking

The European Federation of Financial Services Users (EuroFinuse) supports the Financial Services User Group (FSUG) response to the consultation to this consultation, and part of our response is derived from it. We also express concern as to why the extent, importance and influence of shadow banking activities and entities was only realized by regulators, rating agencies and world financial over sight bodies well into the financial crisis by which time irreparable damage had been inflicted on the world economic system, sovereign states, finances and the well being of millions of consumers.

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