Regulators in Asia target shadow banking sector

bribery

Asian regulators are seeking to shine a light on the risks posed by the shadow banking sector, but need to be careful not to cast the net too wide, according to Ashley Alder, chief executive of the Securities and Futures Commission (SFC). At the Financial Stability Board's (FSB) regional meeting in Seoul in November, shadow banking was a key focus of the discussions. In Korea, for instance, a number of savings banks have been closed down over the past several months, having racked up heavy lo