Regulator gathers data on shadow banking

Regulator gathers data on shadow banking

Central bank governor Philip Lane says intelligence is vital to keep watch on sector flagged as a danger to the domestic economy

The outgoing Central Bank governor Philip Lane has said the regulator is on top of the risks posed by the huge shadow banking sector, which has been cited by the International Monetary Fund as a danger to the domestic economy.

Lane said the regulator had gathered much more information on the shadow banking system than many other jurisdictions and that non-bank lenders could also play a role in financing the domestic economy.

“We can’t have...

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