Corporates cheer carve-out from shadow bank label
EBA guidelines dispel fears of limited credit lines to non-financial firms
Non-financial companies have welcomed final guidelines from the European Banking Authority (EBA) that exempt them from being classed as shadow banks – a tag they feared would limit their access to bank funding.
Under the EBA's draft rules on banks' exposures to shadow banking entities, published in March 2015, most firms that engage in "bank-like" activities and are not already subject to prudential regulation would be deemed shadow banks. The final guidelines, released in December, introduce an
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